5 Dividend Stocks Yielding 5% or More to Buy Right Now for Passive Income

Core Insights - Investing in high-yielding dividend stocks can generate passive income, with many companies offering yields significantly higher than the S&P 500's 1.2% [1] Group 1: Clearway Energy - Clearway Energy has a dividend yield of just over 5%, generating stable cash flow through long-term, fixed-rate power purchase agreements [2] - The company aims to pay out around 70% of its stable cash flow in dividends while retaining the rest for investment in additional clean power generation assets [2] - Clearway expects to deliver 7% to 8% compound annual cash flow per share growth through 2030, with potential growth of 5% to 8%+ annually beyond 2031 [3] Group 2: NNN REIT - NNN REIT offers a dividend yield of more than 5.5%, investing in single-tenant, triple-net-leased real estate, primarily in retail and service properties [4] - The REIT pays out about 70% of its stable cash flow in dividends, retaining the remainder for reinvestment in income-producing properties [5] - NNN REIT has a conservative balance sheet and has increased its dividend for 36 consecutive years [5][6] Group 3: Oneok - Oneok has a dividend yield of 5.5%, generating stable cash flow primarily from long-term, fixed-rate contracts [7] - The company has invested heavily in expanding its midstream operations and is working to capture cost savings and commercial synergies from recent acquisitions [8] - Oneok expects to increase its dividend by 3% to 4% annually, supported by its financial strength and growth drivers [8]