I need to buy my top passive income shares

I believe that equity ownership is the easiest way to earn a passive income. However, I am not willing to just buy any old income stock. With that in mind, I need to buy my top passive earnings shares here, which I will acquire for my portfolio today.

Passive Income Champion

When it comes to dividend income, I think British American tobacco One of the best income stocks FTSE 100. Because of the ethical considerations of smoking, some investors may not want to own this company. It’s understandable.

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Still, I would buy the stock for its 8% dividend yield and strong cash yield. The group is launching new products by capitalizing on the energy of e-cigarettes and so-called low-risk products. I think these will depend on our growth as we progress.

I believe that there should be a selection of property stocks in any passive income portfolio. Real estate investment trusts can provide diversification as well as stable income streams.

I think some of the best stocks to buy in the sector LXI REIT, Which specializes in giving long-term leases to institutional tenants. I will also buy the stock for its 3.8% dividend yield.

Another stock I want to acquire Warehouse REIT, Which invests in distribution centers across the country. With the growing demand for these facilities due to the growth of the e-commerce market, I think the enterprise has significant potential. The stock also yields a 3.9% dividend at the time of writing.

One of the challenges of these passive income stocks can be high interest rates, which can negatively affect property prices and push-up interest costs.

Must buy shares for income and growth

The businesses I want to include in my passive income portfolio are utilities. The company likes United Utilities Highly protective because they provide an essential service to consumers, in this case water.

They own infrastructure that is almost impossible to rebuild today, resources such as pipelines and reservoirs. This gives them another competitive advantage.

One disadvantage of owning shares like United is that the utility sector is highly regulated. If regulators decide to shrink and companies lower their profit margins, it could have a big impact on their dividends.

Despite this risk, I would buy United for a yield of 4.3% dividend.

The final company is the Asset Management Group Schroeders. It is an income and growth stock. With a 3.2% dividend yield and growing profits, I think this is one of the best stocks to buy for the possibility of revenue and dividend growth. As earnings expand, management should be able to increase payments to investors.

Yet, there is no guarantee of this growth. The risks that the company may face include competition and additional costs, which can lead to a loss of profit margins.

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Rupert Hargreaves owns shares in British American Tobacco. Motley Fool UK recommends British American Tobacco, Schroeders (non-voting), and Warehouse REIT. Opinions expressed in the companies mentioned in this article may differ from those of the author and therefore our official recommendations in our subscription services such as Share Advisors, Hidden Winners and Pro. Here at The Motley Flower we believe that considering a variety of insights makes us a better investor.

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