Below the Price Limit: Dividend Treasures for the Small Budget

Investors seeking a solid source of income do not need to dig deep into their pockets to generate passive income. There are some top-quality dividend stocks available at less than 33 US dollars per share. A standout trio includes Brookfield Renewable, Invitation Homes, and Kinder Morgan. These three companies not only offer attractive dividend yields but also a promising growth story. With a total budget of under 100 US dollars, investors can purchase one share of each company, thereby creating a growing source of dividends that can be expanded with additional capital. Brookfield Renewable, a global leader in renewable energy production, is currently available for less than 29 US dollars per share. The company pays a quarterly dividend of 0.355 US dollars per share, equating to an annual yield of nearly 5%. Since 2001, Brookfield Renewable has been increasing its payout with an annual growth rate of 6% and plans to continue boosting it annually by 5% to 9% in the future. Invitation Homes, a real estate investment trust (REIT) investing in single-family homes, recently saw its share price slightly below 33 US dollars. The company recently increased its dividend by 3.6%, equating to a current dividend yield of 3.6%. Since its initial public offering in 2017, Invitation Homes has increased its dividend annually, benefiting from strong rental housing demand due to the financial gap between renting and homeownership. Invitation Homes aims to further expand its portfolio of over 110,000 properties. In collaboration with leading homebuilders, the REIT will acquire approximately 2,500 new homes over the coming years. Additionally, the company is investing 50 million US dollars in a joint venture that will invest 500 million US dollars in purchasing newly constructed homes in high-growth markets, which should continue to support dividend growth.