REIT with 89 Consecutive Dividend Payments Makes Best Dividend Stocks List
Dividend.com added a REIT to the Best Dividend Stocks List. This REIT owns more than 70,000 properties across America and has an incredibly high occupancy rate of more than 96%. FFO is projected to grow 5% in 2016 from 2015. This REIT now has made 89 consecutive dividend payments. The stock currently trades at 17 × 2016 P/FFO, in spite of having such a strong dividend paying record. This REIT has an ownership interest in more than 75,000 operating apartment homes in more than 250 communities in 15 states. They currently have $96 million of expansion projects underway.
4 Reasons You Should Own This Stock
US home ownership interest is at an all time low.
An interest rate tightening environment means more Americans are leasing properties than purchasing them.
Nearly 4 million people are turning 25 each year who have the highest probability to rent an apartment as they move to big cities to be part of the knowledge economy.
Lifestyle changes mean that the average age at which a male got married rose from 26 in 1990 to approximately 29.5 as of today and is projected to grow...
As a dividend investor you need access to the best and safest stocks in the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception.
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