This Monthly Dividend Payer Yields 4.2% And Just Increased Its Dividend For The 111th Time

Today, I'm going to tell you about three dividend growth stocks that just increased their dividends to shareholders. These are golden geese laying more golden eggs.

The three stocks are REITs that offer different yield and growth dynamics for different investors. We have a lower yield and higher growth, mid-yield and mid-growth, and higher yield lower growth.

The first dividend increase you should know about came from Innovative Industrial Properties Inc. - stock ticker IIPR. A 6.1% dividend increase in and of itself is pretty strong. However, this increase is even stronger than it appears to be. That's because this is the second dividend increase this year alone. And it follows up a 6.5% increase last quarter. So we're talking about almost 13% dividend growth already in 2021 - and we're only halfway through the year. After a blistering run, it doesn't look cheap by any metric. But if you want to get in on the ground floor of an exciting new industry, this stock should absolutely be on your radar.

The second dividend increase I want to tell you about came courtesy of Realty Income Corp. - stock ticker O. 0.2%? Why even bring it up? It's almost nothing. Well, it's important to have context here. This is the 111th dividend increase announced by the company since it went public in 1994. Yeah, 111 dividend increases in less than 30 years. Realty Income tends to increase their dividend every single quarter like clockwork. And these dividend increases add up - the five-year dividend growth rate is 4.2%.

Last but not least, let's talk about the dividend increase that came in from W.P. Carey Inc. - stock ticker WPC. What? Another small dividend increase? What gives? Well, I'll tell you what. W.P. Carey, like Realty Income, tends to increase their dividend on a quarterly basis. Whereas most of the dividend growth stocks you'll find out there announce dividend increases once per year, this REIT is typically giving out pay raises every few months. Now, W.P. Carey doesn't have the high dividend growth rate that Innovative Industrial Properties has. Nor does it offer the mid-single-digit dividend growth rate that Realty Income features. Instead, W.P. Carey's five-year dividend growth rate is in the low single digits, at a bit under 2%. However, and this is a big, however, the stock yields a market-crushing 5.5%. So you have to decide whether or not that fat dividend is worth it. If you're looking for current income, it very well could be.

Video Length: 00:07:18

Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

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