Dividend-Paying Companies Print Money: Realty Income, Home Depot, and Philip Morris International Lead

The article discusses three dividend-paying companies that are considered 'money-printing machines' due to their consistent ability to generate more cash than they need to reinvest in their businesses. These companies, Realty Income (O), The Home Depot (HD), and Philip Morris International (PM), have a long history of paying rising dividends, with Realty Income increasing its dividend for over 31 consecutive years.

Realty Income is a real estate investment trust that acquires properties to lease out, distributing most of its taxable income as nonqualified dividends. The company pays a monthly dividend, which has become famous for its reliability. With a dividend yield of more than 5.1%, investors can expect immediate sizable income.

The Home Depot is another real estate-focused company that rakes in cash from the US housing market, which is worth over $55 trillion. The world's largest home improvement retailer sells products and supplies to professionals and do-it-yourself customers looking to build or remodel homes. Despite being sensitive to recessions, The Home Depot has increased its dividend for 17 consecutive years.

Philip Morris International, the world's largest publicly traded tobacco company, has never been better despite declining smoking rates in many countries. The company sells Marlboro outside of the US and boasts a stellar portfolio of smoke-free products, including Iqos and Zyn. With a dividend yield of 3.1%, Philip Morris International is considered a resilient industry leader.