Previous close | 113.48 |
Open | 113.10 |
Bid | 113.14 x 800 |
Ask | 113.30 x 900 |
Day's range | 112.48 - 113.39 |
52-week range | 85.76 - 153.50 |
Volume | |
Avg. volume | 1,936,277 |
Market cap | 33.216B |
Beta (5Y monthly) | 0.55 |
PE ratio (TTM) | 23.17 |
EPS (TTM) | 4.88 |
Earnings date | 16 Feb 2023 |
Forward dividend & yield | 4.88 (4.30%) |
Ex-dividend date | 14 Dec 2022 |
1y target est | 121.85 |
What happened Last year was brutal for the real estate investment trust (REIT) sector. The average REIT delivered a total return of negative 25% for the year. Many fared even worse. However, REITs bounced back sharply in January.
Since yield and stock price tend to have an inverse relationship, investors can get access to reliable income at a discount when quality dividend stocks begin to dip in price. Take Mid-America Apartment Communities (NYSE: MAA), Crown Castle (NYSE: CCI), and Digital Realty Trust (NYSE: DLR). All three stocks have an incredible track record of dividend growth and look well positioned to pay passive incomes for decades to come.
As that company grows, you have a good chance of being rewarded with share price growth, dividends, or some combination of both. Often, the rewards compound -- and get better -- the longer you hold the shares, just like a long-term relationship with your Valentine. Eric Volkman (Digital Realty Trust): If I were to wrap a stock and gift it to a sweetheart, it'd be a solid company that generates its own presents -- dividends -- on a regular basis.