The catch, of course, is that you have to spend some money buying dividend-paying stocks in order to benefit from the passive income those stocks consistently generate. Three dividend stocks to consider are Blackstone (NYSE: BX), Artisan Partners Asset Management (NYSE: APAM), and Federal Realty Investment Trust (NYSE: FRT). With an average yield of 4.94% between the three at the moment, a $10,121 investment split evenly between these three could net you $500 a year (before taxes).
Shares of Blackstone (NYSE: BX) rallied 29.3% in January, according to data provided by S&P Global Market Intelligence. The leading alternative asset manager benefited from securing a major investment for its non-traded REIT, Blackstone Real Estate Income Trust (BREIT), which had been weighing on its stock following a surge in redemption requests. Blackstone also reported strong fourth-quarter results last month.
Recently, Zacks.com users have been paying close attention to Blackstone Inc. (BX). This makes it worthwhile to examine what the stock has in store.