Even with high inflationary pressures, consumers are still opening their wallets for a few key things. One of which happens to be dining out and entertainment. Thanks to a post-COVID swoon, restaurants are booming. Our latest Best High Yield Dividend Stocks Model Portfolio pick is an interesting take on the rebound and offers a stable 4.7% yield.
Our pick was created as the result of a spin-off and doesn’t actually own/operate restaurants – it owns the buildings. This unique niche provides a different set of risks/rewards from the industry, creating plenty of steady cash flows from rent. In fact, our pick has raised its dividend every year since its spin-off five years ago.
But our pick isn’t resting on its laurels. It has continued to expand its portfolio of restaurants as well as add additional retail, open-air power centers and entertainment properties under its umbrella. This has created a much more diverse and yet still consumer-focused real estate firm. All in all, our pick represents a great selection for yield-starved investors.
To make room for our new real estate pick, we’ve been forced to remove a biotech stock from the portfolio.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
