3 REITs That Just Raised Dividends
Portfolio Pulse from Ethan Roberts
Three REITs, Essential Properties Realty Trust Inc. (EPRT), Realty Income Corp. (O), and Host Hotels & Resorts Inc. (HST), have announced dividend hikes this week. These increases can be an indication of the companies' confidence in their future earnings and taxable income.
June 16, 2023 | 8:07 pm
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POSITIVE IMPACT
Essential Properties Realty Trust Inc. (EPRT) announced a quarterly dividend increase from $0.275 to $0.28 per share, with a payout ratio of 66%.
The dividend hike indicates that EPRT is confident in its future earnings and taxable income. This could lead to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Host Hotels & Resorts Inc. (HST) announced a 25% increase in its second-quarter dividend from $0.12 to $0.15 per share, with a forward annual dividend yield of 3.43%.
The 25% dividend increase for Host Hotels & Resorts Inc. indicates confidence in its future earnings and taxable income. This could lead to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Realty Income Corp. (O) announced a monthly dividend increase from $0.255 to $0.2555 per share, with a forward yield of 5.01%.
The dividend increase for Realty Income Corp. signals confidence in its future earnings and taxable income. This could attract more investors and have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100