3 Top Dividend Stocks to Buy for Passive Income in November

Group 1: Realty Income - Realty Income is a REIT focused on delivering dependable monthly dividends that have increased for 30 consecutive years, including 108 straight quarters [3][4] - The current dividend yield is over 5%, significantly higher than the S&P 500's average yield of less than 1.5%, translating to about $5 of annual passive income for every$100 invested [4] - The company expects to grow its adjusted funds from operations (FFO) by approximately 4% to 5% per share annually, driven by rent growth and acquisitions [5][6] Group 2: Kinder Morgan - Kinder Morgan operates the largest natural gas pipeline system in the U.S. and has a diverse portfolio of midstream assets that generate stable cash flows [7][8] - The company has a backlog of $5.2 billion in expansion projects, including a$1.7 billion natural gas pipeline expansion expected to enter service in late 2028 [9] - Kinder Morgan has increased its dividend for the past seven years, supported by its stable cash flow and ongoing expansion projects [9] Group 3: Verizon Communications - Verizon has achieved its 18th consecutive annual dividend increase, with a current yield of 6.5%, marking the longest streak in the U.S. telecom sector [10] - The company generates excess free cash flow, which it uses to strengthen its balance sheet while covering capital expenses and dividends [10] - Verizon plans to acquire Frontier Communications in a $20 billion cash deal, which is expected to enhance its fiber offerings and grow earnings, allowing for continued dividend increases [11] Group 4: Investment Summary - Realty Income, Kinder Morgan, and Verizon are highlighted as attractive options for passive income due to their high-yielding dividends and solid financial metrics, with visible growth prospects for continued dividend increases [12]