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October’s Top Dividend Stocks for Retirees Seeking Reliable Monthly Income
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Real estate investment trusts (REITs) offer compelling opportunities for investors looking to supplement their monthly income. REITs own, operate or finance income-generating real estate, allowing individuals to invest in various real estate types without having direct ownership or management responsibilities.
REITs must also distribute a large percentage of their taxable income to shareholders as dividends, often resulting in hefty yields.
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If you’re an income-seeking investor, here are three high-yielding REITs that pay monthly dividends.
Whitestone REIT
Whitestone REIT (NYSE:WSR) owns and manages a portfolio of open-air retail centers. As of June 30, its portfolio comprised 57 properties containing approximately 5.1 million square feet of gross leasable area. Its properties are located in some of the fastest-growing markets in the U.S., including Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.
Whitestone pays a monthly dividend of $0.04125 per share, which equates to an annualized dividend of $0.495 per share and gives its stock a yield of about 3.7% at the time of this writing.
Whitestone has also been delivering dividend growth to its shareholders. It has raised its annual dividend payment for two consecutive years and its 3% hike in March puts it on pace for 2024, marking the third consecutive year with an increase.
Agree Realty Corporation
Agree Realty Corporation (NYSE:ADC) owns and manages a portfolio of retail properties, including community shopping centers, warehouse clubs, convenience stores, quick-service restaurants and car dealerships. As of June 30, its portfolio comprised 2,202 properties containing approximately 46 million square feet.
Agree Realty pays a monthly dividend of $0.25 per share, which equates to an annualized dividend of $3.00 per share and gives its stock a yield of about 4.05% at the time of this writing.
Like Whitestone, Agree Realty has shown a dedication to growing its dividend. It has raised its annual dividend payment for 11 consecutive years and recent hikes, including its 2.9% hike in April, have it on pace for 2024 to mark the 12th consecutive year with an increase.
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This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund’s prospectus. Read them carefully before investing.
Realty Income
Realty Income (NYSE:O) is the world’s seventh-largest REIT by market capitalization. As of June 30, its portfolio comprised 15,450 properties containing approximately 335 million square feet.
Realty Income pays a monthly dividend of $0.2635 per share, which equates to an annualized dividend of $3.162 per share and gives its stock a yield of about 5.1% at this time.
In addition to offering a high yield, Realty Income is one of the best sources of dividend growth in the REIT industry. It has raised its annual dividend payment for an impressive 29 consecutive years. Recent hikes, including its 0.2% increase in September, have it on track for 2024 to mark the 30th consecutive year with an increase.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
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This article October’s Top Dividend Stocks for Retirees Seeking Reliable Monthly Income originally appeared on Benzinga.com
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UK based foreign exchange brand Travelex has announced that the company has undertaken a major expansion in the UAE, with the launch of 13 new stores across Abu Dhabi and Dubai airports.
At Zayed International Airport, Travelex is doubling its store footprint from seven to 14 stores, including six new on-the-move kiosk (OTM) locations at arrivals baggage, airside departures and pre-immigration, and one new traditional landside store. The new landside store will offer both a cash management service that will enable the airport’s businesses to process cash, as well as traditional consumer cash services, including access to 62 currencies.
Travelex initially entered Zayed International Airport in late 2023 with seven stores and eight ATMs. The new stores reflect the growing passenger demand and customer requirements of the UAE’s newest airport. As a dominant force in the capital’s aviation sector, Zayed International Airport rapidly affirmed itself as a key hub for air travel, solidifying its position as a vital player in the global travel landscape.
At Dubai International (DXB), Travelex is in the process of launching six new stores across all three terminals, including new traditional stores and stores upgraded from OTMS. Two ATMS dispensing AED were also installed at Terminal 3 Arrivals earlier this year. DXB has also seen a considerable post-pandemic growth in pax numbers, reinforcing its status as a leading hub for international travel.
The 13 new stores across Abu Dhabi and Dubai means Travelex will be operating 60 locations across the country. The latest IATA figures show that Middle Eastern airlines saw a 9.6% year-on-year increase in demand for June 2024, while capacity increased 9.4% year-on-year.
Batu Dölay, Managing Director, Travelex Middle East and Türkiye said:
“We’re delighted to be expanding our presence at two of the most exciting and dynamic airports in the world. This investment reflects the growing global reach and passenger numbers of our UAE airport partners, and our commitment to providing even greater access to international travel money than ever before.”
About Travelex
Founded in 1976 Travelex has grown to become one of the market leading specialist providers of foreign exchange products, solutions, and services, operating across the entire value chain of the foreign exchange industry in more than 20 countries. We have developed a growing network of ATMs and stores in some of the world’s top international airports, major transport hubs, premium shopping malls and city centres.
Travelex has built a growing online and mobile foreign exchange platform, and we also process and deliver foreign currency orders for major banks, travel agencies, supermarkets and hotels worldwide. In addition, we source and distribute sizeable quantities of foreign currency banknotes for customers on a wholesale basis – including central banks and international financial institutions. We also offer a range of remittance and international money transfer products around the world.
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