These 3 High Yielding Dividend Stocks Offer Monthly Income

0

If you’re using dividend income to pay your living expenses, you’ll likely benefit from the small group of stocks that pay monthly, rather than quarterly or semi-annually. Here we will show you three high yield monthly dividend stocks.

The income of the “next” generation

Generation Income Properties, Inc. (GIRP) is an internally managed real estate investment trust (REIT) focused on the acquisition and management of income-generating commercial, office and industrial properties. As of June 30, the Company’s asset portfolio comprised 13 properties, including one industrial, seven retail (including one medical) and five office properties, which are net leased to high quality tenants in major United States. These properties, along with a 36.8% common interest interest in an approximately 15,300 square foot single-tenant commercial building leased to La-Z-Boy Company, have a leasable area of ​​338,142 square feet and an annualized base rent of $5.3 million. The trust generated $3.9 million in rental income last year and is based in Tampa, Florida.

On August 12, Generation Income Properties announced its second quarter results, showing operating revenue was $1.4 million, compared to $988,000 in the prior year period. This represents a year-over-year increase of 41.7%, which is mainly explained by the acquisition of properties that the company has executed in the last four quarters. Operating expenses, including general and administrative expenses, for the same periods were $2.0 million and $1.3 million, respectively. These variations in operating expenses are mainly due to the increase in general and administrative expenses, recoverable expenses and depreciation/amortization of recent acquisitions, and compensation costs.

Basic adjusted funds from operations were $36,000, or $0.02 per share, down from $107,900 or $0.10 per share last year. At the end of the quarter, 100% of the company’s assets are let, with all rents due being collected.

GIPR has a high dividend yield of 11%.

Go STAG Industrial

STAG Industrial (STAG) owns and operates industrial real estate. It focuses on single-tenant industrial properties and has 544 buildings in 40 states across the United States. STAG Industrial went public in 2011 and has a market capitalization of $6.3 billion. This REIT’s focus on single-tenant properties could create a higher risk compared to multi-tenant properties, as the former are either fully occupied or completely vacant. However, STAG Industrial performs a thorough quantitative and qualitative analysis of its tenants.

As a result, it has incurred credit losses of less than 0.1% of its revenue since its IPO. According to the latest data, 53% of tenants are publicly rated and 31% of tenants are rated “investment grade”. The company generally deals with established tenants to reduce risk.

In the second quarter of 2022, STAG Industrial reported revenue of $161.5 million, up 16.7% year-over-year. Cash net operating income of $129 million increased 18.6% year-over-year. FFO per share of $0.56 was up 7.7% from the same quarter last year. The occupancy rate for the entire portfolio was 98.1% during the quarter. The REIT acquired nine properties in the second quarter of 2022, totaling 1.5 million square feet, for $165.4 million, which should help drive future growth.

STAG Industrial has grown its FFO per share at an average annual rate of 5.7% over the past decade and at an average annual rate of 7.6% over the past five years. The U.S. industrial market is over $1 trillion and STAG Industrial still holds less than 1% market share of its target market, which includes the nation’s top 60 markets. Therefore, the REIT has enough leeway to continue growing for years to come.

STAG Industrial stock is currently down 4.5%.

A tour of the capital’s main street

Main Street Capital Corporation (MAIN) is a business development corporation (BDC) that provides long-term debt and equity capital to lower-middle market companies and debt capital to middle-market companies. Main Street defines lower-middle-market companies as typically having annual revenues between $10 million and $150 million. The company’s investments typically support management buyouts, recapitalizations, growth financings, refinancings and acquisitions.

At the end of the second quarter, Main Street had a stake in 75 lower-middle-market companies (valued at $1.8 billion), 34 middle-market companies ($364 million), and 82 private loan investments (1. $3 billion). The company has a market capitalization of $3 billion and generated $183 million in net investment income in 2021.

On August 4, Main Street Capital announced its second quarter 2022 results, showing net investment income of $54.7 million, a 29% increase from $42.4 million in the same period. last year. The company generated net investment income per share of $0.75, up 21% year-over-year from $0.62 per share. Distributable net investment income per share totaled $0.80, up 21% from $0.66 in Q2 2021. Main Street’s net asset value per share increased from the end of 2021 to from $25.29 to $25.37, an increase of 0.3%. The company declared monthly dividends of $0.22, a sequential increase of 4.8%.

Main Street pays a monthly dividend, currently sitting at $0.22 or $2.64 on an annual basis, plus additional dividends twice a year (skipped in 2020 due to Covid-19). The upcoming additional dividend amounts to $0.10 per share to be paid in September, while the company maintains its trend of slightly increasing the regular monthly dividend each year. The additional dividends result from the generation of realized gains on Main Street equity investments. The regular annualized dividend currently has a yield of 6%.

Receive an email alert each time I write an article for Real Money. Click “+Follow” next to my signature for this article.

Share.

Comments are closed.