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5 No-Brainer Dividend Stocks to Buy Right Now for Less Than $1,000

The article from MSN Money discusses five dividend stocks that are considered good buys for less than $1,000 each, offering investors a chance to generate passive income. Here are the key points:

Verizon Communications (VZ) - Known for its high dividend yield, Verizon is highlighted for its consistent dividend increases and a strong position in the telecommunications market, despite facing some competitive pressures.

Pfizer Inc. (PFE) - With a robust pipeline of new drugs and a history of dividend payments, Pfizer is recommended due to its potential for growth through acquisitions and its established market in pharmaceuticals.

3M Company (MMM) - Despite facing legal challenges, 3M's diversified business in industrial, safety, and consumer products, along with its long history of dividend payments, makes it an attractive option for income-focused investors.

Altria Group, Inc. (MO) - This tobacco giant offers a high dividend yield, supported by its strong cash flow from cigarette sales, even as it diversifies into alternative nicotine products to adapt to changing market dynamics.

Realty Income Corporation (O) - As a real estate investment trust (REIT), Realty Income provides monthly dividends with a track record of increasing dividends, appealing to those looking for steady income from real estate without direct property management.

The article emphasizes that these stocks are not only priced under $1,000 but also provide a blend of stability, growth potential, and high dividend yields, making them suitable for investors looking to build a diversified income portfolio.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/5-no-brainer-dividend-stocks-to-buy-right-now-for-less-than-1-000/ar-AA1y91VN ]