Four Real Estate Investment Trusts That Recently Raised Dividends

When it comes to investing, one of the most exciting pieces of news for shareholders is when a company announces a dividend increase. Not only does this mean a boost in passive income for income investors, but it also signifies that the Board of Directors has confidence in the company’s ability to grow its earnings and cover the dividend comfortably. As a result, dividend hikes can make a stock more appealing to investors, potentially leading to share price appreciation.

Today, let’s take a look at four real estate investment trusts (REITs) that have recently announced dividend increases. These REITs operate in different sectors of the real estate market and have varying dividend track records, making them intriguing picks for income-seeking investors.

  1. Innovative Industrial Properties Inc. (NYSE:IIPR): Innovative Industrial Properties is a San Diego-based diversified industrial REIT that specializes in triple-net leases and sale-leasebacks on commercial properties with cannabis companies as tenants. The company has seen significant growth since its IPO in 2016, owning and operating properties across 19 states. Recently, Innovative Industrial announced a 4.4% increase in its second-quarter dividend, signaling its commitment to rewarding shareholders.

  2. W.P. Carey Inc. (NYSE:WPC): W.P. Carey is a New York City-based net-lease REIT that invests in a variety of single-tenant properties. With a global portfolio of net-leased and self-storage properties, W.P. Carey boasts a strong occupancy rate and a history of acquisitions to fuel growth. The company recently raised its quarterly dividend, providing shareholders with a steady income stream.

  3. Chimera Investment Corp. (NYSE:CIM): Chimera is a New York City-based mortgage REIT that invests in a diversified portfolio of mortgage assets. Despite facing challenges in the market, Chimera announced a 6% increase in its quarterly dividend, demonstrating its commitment to enhancing shareholder value.

  4. Realty Income Corp. (NYSE:O): Realty Income is a San Diego-based triple-net lease REIT known for its consistent dividend payments and increases. As a member of the S&P 500 Dividend Aristocrats, Realty Income has a track record of raising dividends for over 25 years. The company recently raised its monthly dividend, providing investors with a dependable income stream.
Related:  One Essential Step Every Parent Should Take with Their Estate Plan

Each of these REITs offers unique opportunities for investors seeking income and growth in their portfolios. Whether you’re looking for exposure to the cannabis industry, stable net-lease properties, mortgage assets, or diversified real estate holdings, these REITs have something to offer. Keep an eye on these companies as they continue to reward shareholders through dividend increases and strategic growth initiatives.

At Extreme Investor Network, we are committed to providing valuable insights and analysis on the latest investment opportunities in the finance space. Stay tuned for more updates and recommendations to help you navigate the ever-changing world of finance and investing.