If you’re a balanced dividend investor looking for a new addition to your portfolio, here’s an opportunity that may pique your interest. This well-covered mid-cap equity Real Estate Investment Trust (eREIT) has an impressive 11-year dividend increase track record, ranking it in the top 10% of dividend stocks, and future increases are expected.
With a 3-year dividend per share Compound Annual Growth Rate (CAGR) of 18%, this holding ranks in the top 40% of all dividend stocks.
Its 0.95 beta indicates that its monthly returns are not correlated to equity markets, offering diversification.
Year-to-date, the holding has returned 19%, aligning it with the S&P 500, but outperforming the eREIT industry’s 3%.
Looking ahead, investors can anticipate the next payout, estimated at $1.250 per share on or around August 25.
While forming our recommendation, we’ve also factored in key growth drivers and financial performance discussed by the company’s management during its Q2 earnings call held on July 25, 2023.
Discover more about this promising addition in the in-depth stock analysis that follows, as it optimizes for an equal blend of Yield Attractiveness, Dividend Safety, Returns Potential, and Returns Risk.