The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. During these times, companies such as Tanger Factory Outlet Centers and National Health Investors generate high dividend income to shareholders. I’ve identify the following real estate stocks paying high income, which may increase the value of your portfolio.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT)
SKT has a sumptuous dividend yield of 5.34% with a generous payout ratio . The company’s dividends per share have risen from $0.72 to $1.37 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Analysts are enthusiastic about the company’s future growth, estimating a 54.82% earnings per share increase over the next 12 months. Continue research on Tanger Factory Outlet Centers here.
National Health Investors, Inc. (NYSE:NHI)
NHI has a large dividend yield of 5.38% and is paying out 93.25% of profits as dividends , and analysts are expecting the payout ratio in three years to hit 103.44%. While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. When we compare National Health Investors’s PE ratio with its industry, the company appears favorable. The US REITs industry’s average ratio of 22.7 is above that of National Health Investors’s (17.6). More detail on National Health Investors here.
Senior Housing Properties Trust (NASDAQ:SNH)
SNH has a great dividend yield of 8.87% with a high payout ratio . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $1.4 to $1.56. It should comfort existing and potential future shareholders to know that SNH hasn’t missed a payment during this time. Interested in Senior Housing Properties Trust? Find out more here.For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.