As the saying goes, “the house always wins.” But the saying should be, “the one who owns the house’s house always wins.” And its investors who always win. That’s certainly true for our latest Best Real Estate Dividend Stocks List pick. Investors can win with a solid 4.7% yield before the stock goes ex-dividend on Wednesday, December 21, with a regular quarterly dividend of $0.39 per share!
Formed via a spin-off, our pick is now one of the largest owners of casino and entertainment properties in the nation. The win is that our pick owns the buildings but does not operate the casinos themselves. This insulates it from the risk, high debt levels and other trends in the gaming industry. It sits back and simply collects a check. Better still is that the firm receives incentives and extra payments due to some gaming revenue.
With consumer spending on experiences still going strong, our pick has continued to support investors with hefty dividend increases since its launch a few years ago.
With plenty of potential and stability in its namesake properties, our pick represents a top choice among real estate stocks.
In addition to our casino property owner, we have also increased our position in three triple-net lease property owners and an apartment complex firm. At the same time, we’ve removed a single family home owner from the list.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
