For the most part, being a landlord is not an exciting business. After taking care of maintenance costs, property taxes, and realtor commissions, a residential landlord can consider themselves lucky if they can earn a capitalization rate of six percent. And that’s why today’s top dividend stock is special. The company operates in the real estate business but allows investors to collect an annual cash payout of 14.06%. Allow me to explain further.
Washington Prime Group Inc (NYSE:WPG) is a real estate investment trust (REIT). Headquartered in Columbus, Ohio. The company owns, manages, acquires, and develops retail properties across the United States. WPG was created in May 2014 following a spinoff from Simon Property Group Inc (NYSE:SPG), and has grown to have a real estate portfolio consisting of 110 properties totaling 60 million square feet. In other words, Washington Prime Group can be considered a giant landlord. It makes money by collecting rent from the tenants of its properties. In the third quarter of 2017, 55% of the company’s net operating income came from tier-one malls, 25% was generated from open-air shopping centers, and the remaining 20% came from tier-two malls in its portfolio.
Source: Income Investors
Related Articles:
- Dividend Investing + Value Investing = Superior Returns
- The Dark Side of Dividends
- 7 Higher Yielders With A Low Free Cash Flow Payout
- The Will to Win
- 4 Dividend Stocks For A Confident And Secure Future
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
For long-term performance, investors should consider pivoting their portfolios toward stocks that deliver high and growing dividend payouts,...
-
Finding great long-term investments that will pay you dividends for years to come isn't always easy. Plenty of stocks offer high yields,...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Dividend investors often get stuck with popular names in their portfolio, perhaps because these stocks are so often talked about that there&...
-
Any company that can double its dividend over a five-year stretch is delivering rapid payout growth. To reach that target, the company would...
-
Talk to the average financial advisor, and they’ll say there’s no way to earn a safe 12% yield on your investment these days. After all, ban...
-
By any measure the stock market is overbought. With yields still at historic lows despite the increases in the federal funds rate, and the p...
-
Dividend payers have long had a reputation as stodgy companies that can pay a reliable income but whose stocks don't move too fast. Here...
-
Buying and holding great dividend stocks is a fantastic way for patient investors to achieve outsize returns over the long run. But not ever...
Currently some of the REITs are really in good zone to buy. I have my eyes on O, OHI, HCP and SKT that I am looking further into.
Happy Investing.
TDK.