Discover a standout gem in the realm of monthly dividend stocks, ranking in the elite top 20% with a whopping 7.32% forward dividend yield – a standout achievement that soars above the eREIT industry average of 5.4%.
With a consistent record of returns, this mid-cap eREIT has shown robust growth with a 3-year dividend per share CAGR of 30%. Not to be underestimated, this investment powerhouse also reports a year-to-date return of 20%, matching the S&P 500, and trouncing the eREIT industry’s 7%.
And not just that. Since making it to this portfolio back in May 2023, the stock also managed to beat this portfolio’s benchmark by a decent margin.
Eager investors should mark their calendars for this Friday, July 28, as this prosperous stock is set to go ex-dividend with an unchanged non-qualified payout of $0.275 per share.
While coming up with our final recommendation, we’ve factored in the stock’s 1Q 2023 earnings results announced on April 28, 2023.
By optimizing for Yield Attractiveness, Dividend Safety, and assessing Returns Potential and Risk, we’ve tailored this top pick for monthly payers.
Ready to delve deeper? Our in-depth stock analysis up next uncovers all the fascinating details.
