Inflationary pressures are best countered by investing in dividend-paying stocks, according to Hennion & Walsh Asset Management. During an interview with CNBC on December 13, 2021, the company’s president and chief investment officer stated that dividend-paying stocks provide the best protection against rising inflation. According to Eugene Profit, CEO of Profit Investments, investors are looking for reasons to sell and move to the sidelines now more than ever before.
Insider Monkey selected the 10 stocks for passive income in 2022. JNJ announced a $1.06 per share quarterly dividend on January 4, in accordance with the company’s prior record. As one of the best stocks for passive income in 2022, it has maintained a dividend growth streak of 59 consecutive years. Coke declared a quarterly dividend of $0.44 per share, which is 4.8% higher than the prior amount. Share repurchases are also expected to resume in 2022. To put it another way, revenue climbed 10.08 percent year-over-year to $9.47 billion, beating forecasts by $579 million. One of Canada’s largest multinational conglomerates in the telecommunications, information technology and healthcare industries is TELUS Corporation. With a 20 percent year-over-year increase to $3.83 billion in revenue for the third quarter, the company surpassed analysts’ expectations by $356.51 million. Realty Income Corporation declared a monthly dividend of $0.2465 per share on February 15th. For the fourth quarter of 2021, Realty Income Corporation’s revenue was $1.05 billion, an increase of 53.1% over the same period last year. As of February 18, Exxon Mobil Corporation has a dividend yield of 4.50 percent and has increased dividends for 39 years in a row. Petrochemicals are also a part of the company’s product line, as are oil and gas exploration and distribution. For more details, click 10 Stocks For Passive Income In 2022.
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