Which REITs pay the highest monthly dividend 2023?
AGNC Dividend data by YCharts. With rates expected to fall next year, AGNC might need to cut its dividend again. The mortgage REIT's falling dividend has weighed on its ability to create value for shareholders over the years. Its stock has lost nearly 50% of its value over the past decade.
| REIT | Forward dividend yield |
|---|---|
| Blackstone Mortgage Trust Inc. (BXMT) | 12.1% |
| KKR Real Estate Finance Trust Inc. (KREF) | 13.5% |
| Easterly Government Properties Inc. (DEA) | 8.3% |
| Realty Income Corp. (O) | 5.5% |
| Stock | Market capitalization | Dividend yield |
|---|---|---|
| Dynex Capital Inc. (DX) | $726 million | 12.2% |
| Horizon Technology Finance Corp. (HRZN) | $454 million | 9.7% |
| Permian Basin Royalty Trust (PBT) | $660 million | 4.2% |
| Pennant Park Floating Rate Capital Ltd. (PFLT) | $713 million | 10% |
AGNC Dividend data by YCharts. With rates expected to fall next year, AGNC might need to cut its dividend again. The mortgage REIT's falling dividend has weighed on its ability to create value for shareholders over the years. Its stock has lost nearly 50% of its value over the past decade.
LTC Properties (LTC)
There's also LTC Properties (NYSE:LTC), which manages senior housing and long-term care facilities. The REIT announced a $0.19 per share monthly cash dividend for October, November, and December 2023, payable on October 31, November 30, and December 29, 2023, respectively.
| STOCK | DIVIDEND AMOUNT (Rs) (TRAILING 1 YEAR) | AVERAGE DIVIDEND YIELD (%) |
|---|---|---|
| Taparia Tools Ltd. | 155 | 1111.11 |
| TV Today Network Ltd. | 73 | 33.11 |
| Vedanta Ltd. | 69 | 29.22 |
| Swastik Safe Deposit.. | 1 | 26.88 |
| # | Name | C. |
|---|---|---|
| 1 | Prologis 1PLD | 🇺🇸 |
| 2 | American Tower 2AMT | 🇺🇸 |
| 3 | Equinix 3EQIX | 🇺🇸 |
| 4 | Simon Property Group 4SPG | 🇺🇸 |
The value of a REIT is based on the real estate market, so if interest rates increase and the demand for properties goes down as a result, it could lead to lower property values, negatively impacting the value of your investment.
| Stock | Implied upside from Feb. 7 close | Forward dividend yield |
|---|---|---|
| JPMorgan Chase & Co. (ticker: JPM) | 30% | 2.4% |
| Procter & Gamble Co. (PG) | 9.4% | 2.4% |
| Home Depot Inc. (HD) | 3.4% | 2.3% |
| AbbVie Inc. (ABBV) | 12.6% | 3.5% |
Kinder Morgan (NYSE: KMI), Equinix (NASDAQ: EQIX), and Lockheed Martin (NYSE: LMT) are three super-safe dividend stocks because they generate contractually secured cash flow and have strong financial profiles. That makes them great options for those seeking to fortify their dividend income in 2024 and beyond.
What is the best dividend stock to buy right now?
| Stock (ticker) | Dividend Yield |
|---|---|
| Automatic Data Processing, Inc. (ADP) | 2.2% |
| Microchip Technology Incorporated (MCHP) | 2.0% |
| Marsh & McLennan Companies, Inc. (MMC) | 1.5% |
| UnitedHealth Group Incorporated (UNH) | 1.5% |
The Coca-Cola Company ( KO ) pays dividends on a quarterly basis.
AGNC Investment's analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.
Supported by strong fundamentals, the company is well-poised for growth. The Zacks Consensus Estimate for AGNC's 2023 earnings has been revised marginally upward over the past 60 days, indicating that analysts are optimistic regarding its earnings growth potential. AGNC currently carries a Zacks Rank #2 (Buy).
Supported by strong fundamentals, the company is well-poised for growth. The Zacks Consensus Estimate for AGNC's 2023 earnings has been revised marginally upward over the past 60 days, indicating that analysts are optimistic regarding its earnings growth potential. AGNC currently carries a Zacks Rank #2 (Buy).
Does Warren Buffett invest in REITs? The short answer is yes. Berkshire Hathaway does allocate capital real estate ownership throughout REITs. Learn Warren Buffett REIT investments below.
Vanguard Real Estate ETF (VNQ)
VNQ has a dividend yield of 4.14% and paid $3.49 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Dec 21, 2023.
| ETF | Assets under management | Trailing 12-month dividend yield |
|---|---|---|
| iShares Mortgage Real Estate ETF (REM) | $636 million | 9.5% |
| BlackRock Floating Rate Loan ETF (BRLN) | $21 million | 9.1% |
| Global X S&P 500 Covered Call ETF (XYLD) | $2.8 billion | 10.9% |
| SPDR Bloomberg High Yield Bond ETF (JNK) | $8.9 billion | 6.4% |
| Name | Price | Dividend Yield |
|---|---|---|
| MO Altria Group | $40.11 | 9.58% |
| T AT&T | $16.84 | 6.60% |
| XRX Xerox | $18.48 | 5.41% |
| IBM International Business Machines | $186.34 | 3.60% |
| Stock | Dividend yield |
|---|---|
| United Microelectronics Corp. (UMC) | 7.4% |
| Washington Trust Bancorp Inc. (WASH) | 7.7% |
| Exxon Mobil Corp. (XOM) | 3.9% |
| National Storage Affiliates Trust (NSA) | 6% |
What stocks to buy to get dividends every month?
| Stock | Ticker | Dividend Yield |
|---|---|---|
| Realty Income Corp. | O | 5.45% |
| SL Green Realty Corp. | SLG | 6.67% |
| AGNC Investment Corp. | AGNC | 14.72% |
| EPR Properties | EPR | 7.32% |
REITs allow individual investors to make money on real estate without having to own or manage physical properties. Direct real estate offers more tax breaks than REIT investments, and gives investors more control over decision making.
- Crown Castle Inc. (CCI)
- Welltower Inc. (WELL)
- Realty Income Corp. (O)
- AvalonBay Communities Inc. (AVB)
- Equity Residential (EQR)
- Invitation Homes Inc. (INVH)
- Ventas Inc. (VTR)
- Essex Property Trust Inc. (ESS)
“I recommend REITs within a managed portfolio,” Devine said, noting that most investors should limit their REIT exposure to between 2 percent and 5 percent of their overall portfolio. Here again, a financial professional can help you determine what percentage of your portfolio you should allocate toward REITs, if any.
This is the biggest and most important mistake that REIT investors keep on making. They see REITs as "income vehicles" and therefore, they will select their investments based on their dividend yield. In their mind, the higher the better. But in reality, the dividend is just a capital allocation decision.
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