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What happened to REIT s ?

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Wed, 02 Feb 22 12:01 AM | 18 view(s)
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Used to be I had several REIT's (Real Estate Investment Trusts) in my portfolio . . . and the dividend income was (at least) steady.

I think it was the 2008 meltdown that caused me to get out of them . . . . probably loss of dividends.

So I start looking at REIT's and stuff I used to own and I am not happy.

And Kiplinger's web site has this >> "The average yield on REITs is presently 2.9%,"

The full quote is >>>
"The main reason REITs remain so popular with investors year after year is the reliable strength of their dividends. Remember: REITs are required to pay out at least 90% of their taxable profits as dividends (in return for some generous tax breaks). And even after a year of big stock price gains, real estate stocks continue to offer impressive yields. The average yield on REITs is presently 2.9%, or more than twice the 1.3% average yield on the S&P 500. Many of the market's best REITs deliver even more income."

I got power companies paying out better than 2.9%.

Comments, please?

Zim.




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