NYSE Top Real Estate Dividend Stocks – W. P. Carey And More
Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. During these times, companies such as W. P. Carey and Taubman Centers 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.
W. P. Carey Inc. (NYSE:WPC)
WPC has a large dividend yield of 5.58% and distributes 172.51% of its earnings to shareholders as dividends . WPC’s last dividend payment was $4.02, up from it’s payment 10 years ago of $1.888. The company has been a reliable payer too, not missing a payment during this time. Comparing W. P. Carey’s PE ratio against the US Equity Real Estate Investment Trusts (REITs) industry draws favorable results, with the company’s PE of 30.9 being below that of its industry (33.4).
Taubman Centers, Inc. (NYSE:TCO)
TCO has a juicy dividend yield of 4.47% with a generous payout ratio . The company’s DPS have increased from $1.5 to $2.5 over the last 10 years. It should comfort existing and potential future shareholders to know that TCO hasn’t missed a payment during this time. Over the last five years, the company has experienced a positive earnings per share growth, averaging 9.94%.
Senior Housing Properties Trust (NASDAQ:SNH)
SNH has a juicy dividend yield of 8.03% with a generous payout ratio . SNH’s dividends have seen an increase over the past 10 years, with payments increasing from $1.4 to $1.56 in that time. Much to the delight of shareholders, the company has not missed a payment during this time.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.
