Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks

Core Insights - The article emphasizes the importance of passive income, particularly through monthly dividends, as a strategy for financial independence and managing rising costs [1][2]. Group 1: Passive Income and Dividends - Passive income is defined as revenue generated without continuous active effort, making it appealing for diversifying income streams and achieving financial independence [1]. - Monthly dividends are highlighted as a practical solution for covering regular expenses, especially in an environment of rising prices [2]. - Historical data shows that dividends have contributed approximately 32% to the S&P 500's total return since 1926, with dividend stocks delivering an annualized return of 9.18% from 1973 to 2023, significantly outperforming non-dividend payers [4]. Group 2: Recommended Dividend Stocks - Five companies rated as "Buy" by major Wall Street firms are identified as suitable for Baby Boomer investors seeking passive income and potential appreciation [3]. - Agree Realty Corp. is noted for its $8 billion+ market capitalization, offering a reliable 4.13% dividend and a portfolio of over 2,370 properties across 50 states [5][6]. - Apple Hospitality REIT is recognized for its substantial 8.25% monthly dividend and a portfolio of 224 hotels across 37 states [8][9]. - EPR Properties specializes in experiential properties and offers a 6.76% dividend, with investments in various entertainment sectors [11][13]. - Main Street Capital Corp. provides flexible capital solutions to lower-middle-market companies and offers a 4.96% dividend [15]. - Realty Income Corp. is highlighted for its 5.48% dividend and focus on single-tenant commercial properties, appealing to growth and income investors [17][18].