I added this company to my high-yield income portfolio this week. It announced that it has closed on the sale of four non-core outlet centers for gross proceeds of $130.5 million. The real estate investment trust has a strong real estate portfolio and very good dividend coverage for a seven percent yielding mall REIT. Shares are sensibly valued. An investment in the stock yields 7.0 percent.
Tanger Factory Outlet Centers (SKT) is an interesting shopping center real estate investment trust to consider on the drop. The REIT is dependent on the retail industry, but nonetheless has strong portfolio, diversification, and dividend coverage stats. Further, Tanger Factory Outlet Centers has grown its dividend consistently in the last 26 years, which makes the REIT a preferred income vehicle for DGI investors. Shares are sensibly valued and an investment in SKT yields 7.0 percent.
Source: Seeking Alpha
Related Articles:
- A Disciplined Approach To Dividend Growth Stocks
- 3 Low Beta, Higher Yielding Dividend Stocks For The Next Downturn
- 6 High-Yield REITs With Growing Dividends
- 26 Income Securities For A Well-Rounded Asset Allocation
- 5 Small/Mid-Cap Dividend Growth Stocks Answering The Call
Why I Just Bought This 7.0%-Yielding Mall REIT
Posted by D4L | Sunday, April 28, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Readers may want to do a stock valuation on the stocks in their favorite sectors and wait patiently until they become cheap. Patience is a v...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
-
We picked up two investments that carry excellent yields combined with some healthy upside in the share price. We also dropped one of our po...
-
If you're wishing you had a little more exposure to income investments right now and a little less exposure to growth, you're not al...
-
Do you have the stomach for contrarian investing - betting against the crowd? Sometimes that's necessary in order to find value. Why buy...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.