One of Wall Street’s Top REIT Income Stocks and 2 Others Raising Dividends This Week

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One of Wall Street’s Top REIT Income Stocks and 2 Others Raising Dividends This Week

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  • Companies that raise their dividends regularly are outstanding ideas for investors.
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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.

Brady

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Brady is an American developer and manufacturer of specialty products, technical equipment, and services for identifying components used in workplaces.

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:

  • Materials
  • Printing systems
  • RFID and bar code scanners for product identification
  • Brand protection labeling
  • Work in process labeling
  • Finished product identification
  • Industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training
  • Hand-held printers, wire markers, sleeves, and tags for wire identification

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:

  • Workplace safety, identification, and compliance products, such as safety and compliance signs, tags, labels, and markings
  • Informational signage and markings
  • Asset tracking labels
  • Facility safety and personal protection equipment
  • First-aid products; and other compliance products for process, government, education, construction, and utility industries

Further, it provides stock and custom identification products and sells related resale products.

The company serves these industries:

  • Industrial and electronic manufacturing
  • Health care
  • Chemical
  • Oil and gas
  • Automotive
  • Aerospace
  • Governments
  • Mass transit
  • Electrical contractors
  • Education
  • Leisure and entertainment

Investors currently receive a 1.27% dividend. The company is expected to raise the payout to $0.24 from $0.235.

Stewart Information Services

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Stewart Information Services is a real estate information, title insurance, and transaction management company.

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:

  • Homebuyers and sellers
  • Residential and commercial real estate professionals
  • Mortgage lenders and servicers
  • Title agencies and real estate attorneys
  • Home builders through direct operations, a network of independent agencies

Shareholders currently receive a solid 2.57% yield. The company is expected to raise the dividend to $0.50 per share from $0.475.

VICI Properties

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Vici Properties is a real estate investment trust based in New York City that specializes in casino and entertainment properties.

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 | VICI Price Prediction) 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.

  • Caesars Palace Las Vegas
  • MGM Grand
  • The Venetian Resort Las Vegas

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:

  • Bowlero
  • Cabot
  • Canyon Ranch
  • Chelsea Piers
  • Great Wolf Resorts
  • Homefield
  • Kalahari Resorts

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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About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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