Surging home prices haven’t been great for everyone. In fact, it’s made many areas of the country unaffordable for many people. To that end, apartment owners are riding high as demand for their units rise. Our latest pick for the Best Dividend Capture Stocks List is a testament to this reality.
Our pick is one of the largest owners of apartments in the country, with nearly 58,000 apartment units under its umbrella. The key for our pick is that it has chosen to focus on high-income, affluent, strong economic regions of the country. This creates ample demand and low vacancy rates for its units. It also creates plenty of cash flows.
Because of this, our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Friday, April 8, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2.1 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest real estate pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
