Why Realty Income Outshines Tech Stocks as a Dividend Investment

The article discusses why Realty Income (NYSE: O) is considered the best dividend stock to buy for passive income. The REIT provides growth, a higher yield than tech stocks like Microsoft (NASDAQ: MSFT), and a more frequent payment schedule.

While tech companies can deliver growth, they often come with lower yields, such as Microsoft's 0.8% and Apple's (NASDAQ: AAPL) 0.3%. Realty Income's high-yielding monthly dividend stands out as an ideal income stock for investors seeking passive income.

The REIT has a long history of increasing its dividend, with 135 increases since its public market listing in 1994, including the last 115 consecutive quarters. It has grown its dividend at a 4.1% compound annual rate since going public.