As a dividend investor, one of the top considerations is if the dividend is sustainable over the long term, based on the company’s operations. A sector that is well known for paying a dividend is the real estate sector. There are many different ways for investors to enter this sector, such as residential and commercial real estate. As a retail investor, commercial real estate is the more difficult of the two to enter. In order to invest in this market segment, a larger amount of capital is required when compared to residential real estate. However, the sector does offer many opportunities in return.
One such company is Gaming and Leisure Properties Inc (NASDAQ:GLPI) stock. Dedicated to acquiring, financing, and owning real estate properties that are leased to gaming operators, Gaming and Leisure Properties has a unique set of assets in their portfolio. Its properties are located across 14 states and include cities such as Las Vegas, New Orleans, and Hollywood. Trading at $30.37, the current dividend yield for GLPI stock is 7.93%. Based on this yield, GLPI stock would also be classified as a high-dividend stock. The dividend, paid on a quarterly basis, is $0.60 per share and has seen an annual increase since the initial public offering (IPO) in 2013. Therefore, GLPI stock could be classified as a dividend growth stock as well.
Source: Income Investor
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The only concern I have with high yield is interest rate hike. But, I have been saying this to myself for two years now :)