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
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
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 this article, we discuss 5 best consumer staples dividend stocks to buy now. If you want to read our detailed analysis of the consumer st...
-
If you've been holding back from investing in your future just because you don't have a lot of extra cash to spare, I've got gre...
-
Dividend stocks cater to investors who want less volatility and stable cash flow. Some dividend stocks offer a combination of respectable yi...
-
I stumbled upon some data a few years back that has altered my investment philosophy. According to data by Ned Davis Research and Hartford F...
-
Following a strong year for the S&P 500 and huge gains for the tech-heavy Nasdaq Composite, it's a lot more difficult to find reason...
-
The company's remarkable consistency and low-risk business model make it a "first-choice investment opportunity," according to...
-
If you are here to build a portfolio that thrives in all seasons, consider dividend stocks. They can generate steady returns and provide sta...
-
One way to achieve financial freedom is to create passive income, or income that does not depend on your active involvement beyond a certain...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.