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One of Wall Street's Top REIT Income Stocks and 2 Others Raising Dividends This Week
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24/7 Wall St. Insights
After over a decade of a low-interest rate environment, which has reversed significantly over the last two years, many investors turn to equities for growth potential and solid and dependable dividends. These help provide an income stream, equating to total return, one of the most influential investment strategies.
We always like to remind our readers about the impact total return has on portfolios because it is one of the best ways to improve their chances of overall investing success.
Again, total return is the combined increase in a stock’s value plus dividends. For instance, if you buy a stock at $20 that pays a 3% dividend, and it goes up to $22 in a year, your total return is 13%, or 10% for the increase in stock price and 3% for the dividends paid.
Three top companies are expected to raise their dividends this week, and one is one of Wall Street’s favorite triple net lease REIT income stocks, so we screened our 24/7 Wall St. research universe and found that all are rated Buy at some of the top brokerage firms. While it’s always possible that not all companies raise their dividends, top analysts expect them to. Generally, the data is based on past increases in the firm’s dividend payouts.
This stock could break out to new highs as early as this week. Brady Corp. (NYSE: BRC) manufactures and supplies identification solutions and workplace safety products to identify and protect premises, products, and people in the United States and internationally.
The company offers:
It also provides name tags, badges, lanyards, rigid card printing systems, access control software for people identification, and wristbands, labels, printing systems, and other products for tracking and improving the safety of patients.
In addition, Brady offers:
Further, it provides stock and custom identification products and sells related resale products.
The company serves these industries:
Investors currently receive a 1.27% dividend. The company is expected to raise the payout to $0.24 from $0.235.
This is yet another company that is poised to break out to new 52-week trading highs. Stewart Information Service Corp. (NYSE: STC) provides title insurance and real estate transaction-related services in the United States and internationally through its subsidiaries.
The company is involved in searching, examining, closing, and insuring the condition of real property titles.
It also offers home and personal insurance services, services for tax-deferred exchanges, and digital customer engagement platform services.
It also provides appraisal management, online notarization and closing, credit and real estate information, and search and valuation services.
Stewart Information Services serves:
Shareholders currently receive a solid 2.57% yield. The company is expected to raise the dividend to $0.50 per share from $0.475.
This is one of the top picks across Wall Street in the net lease group and is ideal for more conservative investors looking for gaming exposure and a solid 5.84% dividend. VICI Properties Inc. (NYSE: VICI) is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including three iconic entertainment facilities on the Las Vegas Strip.
VICI Properties owns 93 experiential assets across a geographically diverse portfolio of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio comprises approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs, and sportsbooks.
Its properties are occupied by industry-leading gaming, leisure, and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including:
VICI Properties also owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip.
Investors currently receive a hefty 4.96% dividend. The company is expected to raise the payout to $0.44 from $0.415.
Three top companies, all rated Buy and analyst favorites across Wall Street, are expected to raise dividends to shareholders this week. Not only is increasing dividends and returning capital to investors very prudent, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
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