The more things change, the more they stay the same. That’s exactly what’s happening in the retail sector. After the pandemic shifted consumers’ shopping habits online, in-person, and in-store shopping returned with force. Owners of strip malls, power centers, and other open-air retail spaces—such as our latest Best Dividend Capture Pick—welcomed this move.
Check out the Best Dividend Capture Stocks List to explore all stocks.
The ubiquitous strip mall remains a suburban staple across America, and these retail spaces prove very profitable. Our latest pick knows this firsthand as one of the country’s largest owners, with over 350 shopping plazas. That scale aids diversification and improves rent stability. As such, our pick has been a dividend staple since its founding and IPO back in 2013.
The best part: our pick continues to deliver growth and benefits for shareholders.
That’s because our pick uses M&A and pruning to reimagine its portfolio. Over the last few years, it has continued to expand into strong, economically sound towns and regions with higher income levels. While some areas of the country have begun to cut back on spending, these areas have not. A focus on experiences and dining, along with shopping, has helped drive traffic. Our pick has also continued to buy assets at affordable rates, redevelop properties, add higher-end tenants, and boost the value of its underlying real estate.
All this makes our pick a top dividend stock in the real estate sector.
With a long history of dividend increases, our pick has become a strong dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and selling after recovering the payout. With an ex-dividend date of Monday, January 5, our pick suits the strategy, as its historical recovery averages 15.7 days after going ex-dividend.
Investors seeking total returns from income and capital appreciation may find our latest real estate pick lucrative.
