Top 3 “EV” Dividend Growth Stocks For Passive, Growing Income

Electric vehicles are the future. That's where transportation is going. Most major auto manufacturers are now bending over backwards to ramp up EV production. Investors can choose to ignore this. Or they can get on board and make some money.

I want to tell you about three high-quality dividend growth stocks that fit this mold, possibly the 3 best EV stocks to buy now. These stocks will do well no matter what, but they could do especially well in the EV future. And each of these businesses cater to a different aspect of this EV future. Ready to profit and collect safe, growing dividends from EVs?

The first stock I want to tell you about is Albemarle Corporation (ALB). Albemarle is one of the world's largest lithium producers. All of those EVs? They require batteries. And all of those batteries? They require lithium. That's where Albemarle steps in. And this isn't some new kid on the block. This is a Dividend Aristocrat, with 27 consecutive years of dividend increases.

They've built this amazing track record of growing its profit and dividend on the back of high-quality chemicals and catalysts operations that steadily chugged higher and higher over time. Adding lithium to the mix a few years back was transformative at just the right time. They're perfectly positioned for the EV wave.

Put this stock on your shopping list if you want to be part of the future of transportation and energy.

The second stock I want to share with you is Magna International (MGA).

Magna is a major supplier of components to the auto industry. Those EVs have doors, steering wheels, and seats just like all other cars. Magna has been making money with these components for a long time, and they'll continue to do so with EVs. Tesla, for example, is one of their customers.

Magna has increased its dividend for 12 consecutive years, and an EV future sets them up to continue growing that dividend like clockwork.

The yield is near 2%, and Magna has a 10-year dividend growth rate of 20.2%. Wow.

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Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

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