Discover a well-covered mid-cap eREIT that has caught the attention of monthly dividend investors. With a forward dividend yield of 7.98%, this stock ranks in the top 20% of dividend stocks, making it a highly attractive option. But be cautious of dividend traps, as the eREIT industry average is 6.2%.
Not only does this stock offer an impressive yield, but it also boasts a 30% 3-year dividend per share compound annual growth rate, placing it in the top 20% among all dividend stocks. While the S&P 500 returned 11% and the eREIT industry saw a decline of 2% year-to-date, this stock has delivered a solid 10.6% return, in line with the broader market.
Intriguingly, this company has just announced its next payout, an unchanged non-qualified dividend of $0.275 per share. The ex-dividend date was May 30, with a payment date of June 15.
Stay tuned for an in-depth stock analysis that delves into the yield attractiveness, dividend safety, and returns potential of this monthly dividend gem. Don’t miss out on the opportunity to explore the potential of this captivating investment option.