Dividends4Life: Top REIT Pays 6.5 Percent, Strong Growth, Excellent Dividend Coverage

Real Estate Investment Trusts are superb income vehicles. REITs lease their properties to tenants on long term contracts, and pay shareholders - ideally - an ever increasing dividend. One of the most exciting features of a REIT investment, therefore, is the ability to profit from a rising yield on cost (constant cost basis, growing dividend payments). This stock has very good dividend coverage stats. The REIT has raised its dividend continuously since becoming a publicly traded company. Its shares are selling for ~11.4x run-rate Q3-16 AFFO. An investment in thec ompany yields 6.51 percent.

W.P. Carey Inc. (NYSE:WPC) is a compelling income vehicle in the net lease REIT business. Though W.P. Carey isn't cheap, the Real Estate Investment Trust's large, diversified property portfolio yields a low risk dividend that has potential to grow into the future. Further, W.P. Carey has strong dividend coverage which tilts the odds in favor of a growing yield on cost over time. Real Estate Investment Trusts like W.P. Carey have shown that they can grow their real estate portfolio and cash dividends in a lot of different market environments, making them ideal investment for dividend minded investors.

Source: Seeking Alpha

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