Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Looking to boost your dividend income this month? If so, real estate investment trusts (REITs) offer a compelling opportunity for income-seeking investors, offering high and stable yields.
REITs own, operate or finance income-generating real estate, allowing individuals to invest in various real estate types without direct ownership or management responsibilities.
REITs must distribute a large percentage of their taxable income to shareholders through dividends, often leading to high yields. If you're an income-seeking investor, here are three high-quality REITs with yields up to 7.2% that you could add to your portfolio today.
Check It Out:
This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.Your biggest returns may not come from the stock market. Invest the way colleges, pension funds, and the 1% do. Get started investing in commercial real estate today.
EPR Properties
EPR Properties (NYSE:EPR) owns and manages experiential real estate across North America, including movie theaters, water and amusement parks, ski parks and resorts, gaming properties and golf ranges. As of June 30, its portfolio comprised 354 properties across 44 U.S. states and Canada.
EPR pays a monthly dividend of $0.285 per share, which equates to an annualized dividend of $3.42 per share and gives its stock a yield of about 7.2% at the time of this writing.
In addition to offering monthly income, EPR has grown its dividend over the past two years. Its 3.6% dividend hike in February 2023 sets the company up to mark its third consecutive year of dividend growth.
Simon Property Group, Inc.
Simon Property Group (NYSE:SPG) owns and manages premier shopping, dining, entertainment and mixed-use properties across North America, Asia and Europe. As of June 30, its portfolio comprised ownership interests in 230 properties containing approximately 183 million square feet.
Simon Property pays a quarterly dividend of $2.05 per share, which equates to an annualized dividend of $8.20 per share and gives its stock a yield of about 4.9% at the time of this writing.
Simon Property has been growing its dividend rapidly in recent years. It has raised its annual dividend payment 11 times since the start of 2021, with its most recent increase being a 2.5% hike in August.
Trending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.
CubeSmart
CubeSmart (NYSE:CUBE) is one of the largest owners and operators of self-storage properties in the U.S. As of June 30, its portfolio comprised 1,494 self-storage properties across 185 markets in 40 states and the District of Columbia.
CubeSmart pays a quarterly dividend of $0.51 per share, which equates to an annualized dividend of $2.04 per share and gives its stock a yield of about 4.1% at the time of this writing.
While CubeSmart has the lowest yield of the stocks discussed in this article, it has the most impressive track record of dividend growth. It has raised its annual dividend payment for 14 consecutive years, including a 62% dividend growth rate over the last five years.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Keep Reading:
Interest rates are falling but you can still make high yields in real estate. Find out how.
Commercial real estate has historically outperformed the stock market. This platform allows accredited investors to invest in commercial real estate, invest today for a 1% boost.
This article Maximize Your Dividend Income in October with These 3 Stocks Offering Yields Up To 7.2% (EPR, SPG, CUBE) originally appeared on Benzinga.com