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5.5% Yield Speciality REIT Added to Best High-Yield Dividend Stocks Model Portfolio

When most people think of real estate, they tend to focus on apartment buildings, shopping malls or offices. However, according to the IRS, the definition of “real estate” is pretty broad. And thanks to so-called private letter rulings, many firms have been able to tap into the tax-structure to save big and reward shareholders. This includes our latest Best High-Yield Dividend Stocks Model Portfolio pick!

Our pick owns salt caverns. And while that may seem strange, it turns out these assets are perfect in terms of temperature and humidity for document and records storage. As such, our pick has become the leader in physical record keeping for a variety of organizations including the U.S. government. And it collects plenty of fees to do so.

In addition, our pick has continued to find growth in digital record keeping as well. Offering storage solutions in newly owned data centers as well as cloud cybersecurity products. Tangential businesses like document shredding and scanning/digitization services add additional revenue boosts.

The combination has allowed our pick to gather plenty of cash flow and reward investors for years. And as a REIT, it hands that cash back to its investors through a high 5%+ yield.

To make room for our speciality REIT, we’ve been forced to remove an advertising property focused REIT from the list.

You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.

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