Looking to strengthen your portfolio with a sturdy large-cap eREIT? Consider this well-covered investment with a notable forward dividend yield of 4.33%, placing it in the top 40% of dividend stocks. While the industry average is at 5.3%, what sets this option apart is not just its yield but its consistent growth. Boasting a 14-year dividend increase streak, it ranks in the top 10% of dividend stocks, indicating a promising trajectory for future increases.
Dive deeper, and you’ll find a commendable 13% 3-year dividend/shr compound annual growth rate, placing it in the elite 20% of all dividend stocks. Its beta of 0.79 also suggests lower correlation with equity markets, offering a diversifying cushion against market volatility.
For those eyeing the next payout, anticipate a 5.0% increased non-qualified $1.470/shr going ex-dividend next Thursday (Jan 11).
This investment isn’t just about attractive yields but also about balancing risk and return effectively. While arriving at our recommendation, we’ve also factored in the growth drivers and financial results discussed by the company management during their Q3 2023 earnings call held on October 26, 2023.
Stay tuned for an in-depth stock analysis, ensuring a comprehensive understanding of this investment’s potential within a balanced dividend portfolio.
