4 Top Dividend Stocks to Buy Under $30

Your portfolio is incomplete without few safe, high-yielding dividend stocks. These stocks deliver stable passive income and strengthen your portfolio. If your investments are on the lower side, here are four top dividend stocks that you can buy for less than $30.

NorthWest Healthcare

NorthWest Healthcare Properties REIT (TSX:NWH.UN) could be an excellent buy for income-seeking investors due to its stable cash flows from high-quality and diversified healthcare properties. Despite the pandemic, the company’s collection rate stood at 98.3% in its fourth quarter, illustrating its portfolio’s defensive attributes given the essential nature of its tenants’ businesses and the government’s commitment to providing critical healthcare services.

The acquisition of 10 private hospitals in the U.K. last year and its strong pipeline of projects could boost NorthWest Healthcare’s financials in the coming quarters. Meanwhile, given its steady cash flows and healthy growth prospects, I believe its dividends are safe. NorthWest Healthcare currently pays monthly dividends of $0.067, representing a forward yield of 6.1%.

Algonquin Power & Utilities

Last week, Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) had announced that the deep freeze in Texas and parts of the central U…

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From Motley Fool - 24/02/2021