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. These factors drive the profitability and cash flows of real estate companies, which in turn steer the dividend payout and yield for investors. During economic growth, these companies provide an opportune time to increase your portfolio income through dividends. If you’re a long term investor, these high-dividend real estate stocks can boost your monthly portfolio income.
Monmouth Real Estate Investment Corporation (NYSE:MNR)
MNR has a enticing dividend yield of 4.80% and is paying out 159.34% of profits as dividends . MNR’s DPS have risen to US$0.68 from US$0.60 over a 10 year period. The company has been a dependable payer too, not missing a payment in this 10 year period. More on Monmouth Real Estate Investment here.
LTC Properties, Inc. (NYSE:LTC)
LTC has an appealing dividend yield of 6.01% and the company currently pays out 103.31% of its profits as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$1.56 to US$2.28. The company has been a reliable payer too, not missing a payment during this time. The company has a lower PE ratio than the US REITs industry, which interested investors would be happy to see. The company’s PE is currently 17.2 while the industry is sitting higher at 19.9. Continue research on LTC Properties here.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT)
SKT has an appealing dividend yield of 6.04% and the company currently pays out 193.84% of its profits as dividends . SKT has increased its dividend from US$0.72 to US$1.37 over the past 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Over the next three years, analysts predict double digit earnings growth for Tanger Factory Outlet Centers of 50.92%. More on Tanger Factory Outlet Centers here.
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.