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
How You Can Earn a 14.06% Yield from Real Estate
Posted by D4L | Tuesday, December 19, 2017 | ArticleLinks | 1 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
In short, dividend-bearing stocks are one of the smartest approaches stock investors have available currently. The same is true in strong ec...
-
If your growth-investing days are over (or nearly so) and you're more interested in steady income, start your search with all-weather st...
-
Even in the current inflationary environment, where stocks across a wide variety of sectors are trading down, companies with a favorable his...
-
Finding cheap dividend stocks is critical for another reason. By the time the Federal Reserve meets for the second time in 2023, the central...
-
Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passi...
-
Many companies make very predictable fixed dividend payments each quarter. When they do, their investors have a pretty good idea of how much...
-
As 2022 wraps up, many investors are likely looking for ways to position their portfolio for more macroeconomic uncertainty next year. After...
-
Linked here is a detailed quantitative analysis of Chevron Corporation (CVX). Below are some highlights from the above linked analysis: Comp...
-
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is crushing the market this year as value and dividend stocks have pulle...
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.