The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. During these times, companies such as New England Realty Associates Limited Partnership and Urstadt Biddle Properties generate high dividend income to shareholders. Here are my top dividend stocks in the real estate industry that could be valuable additions to your current holdings.
New England Realty Associates Limited Partnership (AMEX:NEN)
NEN has a good dividend yield of 3.29% and their payout ratio stands at 64.69% . The company’s dividends per share have risen from US$0.93 to US$2.15 over the last 10 years. Much to the delight of shareholders, the company has not missed a payment during this time. New England Realty Associates Limited Partnership also reported a strong double digit earnings growth of 23.67% over the past 12 months. Interested in New England Realty Associates Limited Partnership? Find out more here.
Urstadt Biddle Properties Inc. (NYSE:UBA)
UBA has an appealing dividend yield of 5.01% and has a payout ratio of 113.58% . UBA’s last dividend payment was US$1.08, up from it’s payment 10 years ago of US$0.95. The company has been a dependable payer too, not missing a payment in this 10 year period. Urstadt Biddle Properties’s earnings growth over the past 12 months has exceeded the us reits industry, with the company reporting an EPS growth of 77.29% while the industry totaled 14.85%. Continue research on Urstadt Biddle Properties here.
EastGroup Properties, Inc. (NYSE:EGP)
EGP has a good-sized dividend yield of 2.80% and the company has a payout ratio of 88.01% , with an expected payout of 121.83% in three years. Over the past 10 years, EGP has increased its dividends from US$2.08 to US$2.56. They have been consistent too, not missing a payment during this 10 year period. EastGroup Properties has been a solid performer in the last five years. Its earnings per share have grown by 21.67% each year in this period. More detail on EastGroup Properties here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.