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The 3 passive income shares I would buy today

first_imgThe 3 passive income shares I would buy today I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. See all posts by Karl Loomes Click here to claim your free copy of this special investing report now! Enter Your Email Address Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Simply click below to discover how you can take advantage of this.center_img Our 6 ‘Best Buys Now’ Shares 5 Stocks For Trying To Build Wealth After 50 Karl has shares in BAE Systems and BP. The Motley Fool UK has recommended GlaxoSmithKline. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Passive income has become a watchword for many recently. For those of us who invest in the stock market, however, it is something we have been taking advantage of for many years. Personally, generating passive income through shares has been one of my main investment strategies.What are passive income shares?Passive income shares are those that pay out a cash return. In the stock market, this is done through dividends. Dividends are paid on a pence-per-share basis, so the price you buy the stock at helps determine your percentage return. This is the dividend yield, and is key when looking for passive income from a stock.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Of course with shares you also have to consider your capital – the initial investment. Share prices go up and down so you want to make sure you don’t lose your principle in search of a good income stream.With all these things in mind, here are my top three passive income shares right now.BAE SystemsThe aeronautical engineering company is a solid dividend stock. Though not often making headline-grabbing news, BAE Systems (LSE: BA) has been a steady performer for many years.In terms of passive income, its yield of about 4.6% it is not the highest return of all shares. However, I am of the opinion it may be one of the most stable right now.Among other things, the German government recently approved the purchase of 38 Eurofighters from BAE. Meanwhile the UK government has set out plans for increased defence spending. BAE’s future looks bright for some years to come I think.BPThe oil giant is the next in line for my choice of top passive income shares. Though BP (LSE: BP) cut its dividend earlier this year, its low share price means it is still yielding over 8%.The BP share price is low because of the year crude oil prices have had. Coronavirus and oversupply have kept energy prices subdued. However with a vaccine and increased optimism in place, I think this will start to fade.There will remain a large spare capacity in the crude market weighing on prices, but I think OPEC and Russia will help bolster crude prices by keeping supply reduced. BP was always a good dividend payer in the past. For me, this sets it up to be one of the best passive income shares going forward.GlaxoSmithKlineLast, but by no means least in my choice of passive income shares, is the pharmaceutical giant GlaxoSmithKline (LSE: GSK). Naturally Covid vaccines have been dominating the news recently, however this is not directly why I would choose GSK.It currently yields about 5.7%, making it a solid choice on payout alone. Though I don’t think the Covid-19 vaccine will make any pharmaceutical company much profit right now (the PR alone from profiteering would not be worth it), in the long run there is likely to be renewed interest in pandemics. Pharmaceutical firms will see the benefit in the long term.Currently yielding about 5.7%, GlaxoSmithKline is my top UK pharmaceuticals pick in terms of good passive income shares. Karl Loomes | Tuesday, 8th December, 2020 | More on: BA BP GSK last_img read more

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