Mark Twain once said, “Buy land, they’re not making it anymore.” It turns out the humorist was right on the money. Real estate has been one of the best-performing asset classes of all time. Even better is when that property is located in high-growth areas, there is simply no more room left. And that’s just what our latest Best Dividend Capture Stocks List pick does best.
Our latest selection is a real estate investment trust (REIT) focused on six key coastal areas. The fast-growing, affluent and stable cities of Los Angeles, New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C., are as built up as ever. And yet, people and businesses continue to move there, meaning demand continues to surge. This results in higher property values and increasing rents for building owners, including our latest pick. As a REIT, higher rents translate directly into stable and rising cash flows/dividends for shareholders.
This makes our pick perfect for a dividend capture strategy, which involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of December 14, 2021, our pick is primed for the strategy.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.