Looking for Passive Income? This 5.6%-Yielding Dividend Stock Is About as Reliable as It Gets

Realty Income has raised its dividend for 646 consecutive months. The capital markets have gotten off to a sizzling start this year. The S&P 500 has gained nearly 10% so far in 2024, while the tech-heavy Nasdaq Composite is up approximately 8%. Indeed, the growth potential from hot areas in artificial intelligence, new pharmaceutical breakthroughs, and the energy sector, in particular, has helped fuel gains across major indices. While buying into these tailwinds can be tempting, investors may want to take a ...