Better High Yield Monthly Dividend Stock: Realty Income vs LTC Properties
LTC Properties (NYSE: LTC) and Realty Income (NYSE: O) are real estate investment trusts (REITs) that pay dividends monthly. Both have impressive dividend records, in their own way. But most income focused investors will probably find one of these two REITs more attractive. Here's the stock that's the better high yield monthly dividend choice and why.LTC Properties' name is more descriptive than you'd think because LTC stands for long term care. This REIT has a focus on healthcare properties that house older adults, including assisted living centers (roughly 45% of the business) and skilled nursing properties (55%). Senior housing is an interesting sector because of the aging population, which suggests that demand for such properties will increase in the years ahead.As noted, LTC Properties pays a monthly dividend. While some of its peers ended up cutting their dividends during the coronavirus pandemic, when lessees were under severe financial strain, LTC Properties did not. It has maintained its dividend at $0.19 per share per month ($0.57 per quarter) since it rose to that level more than five years ago. That is an incredible amount of resilience, particularly noting that the company's roughly $1.5 billion market cap makes it one of the smaller healthcare REITs.Continue reading
LTC Properties (NYSE: LTC) and Realty Income (NYSE: O) are real estate investment trusts (REITs) that pay dividends monthly. Both have impressive dividend records, in their own way. But most income focused investors will probably find one of these two REITs more attractive. Here's the stock that's the better high yield monthly dividend choice and why.
LTC Properties' name is more descriptive than you'd think because LTC stands for long term care. This REIT has a focus on healthcare properties that house older adults, including assisted living centers (roughly 45% of the business) and skilled nursing properties (55%). Senior housing is an interesting sector because of the aging population, which suggests that demand for such properties will increase in the years ahead.
As noted, LTC Properties pays a monthly dividend. While some of its peers ended up cutting their dividends during the coronavirus pandemic, when lessees were under severe financial strain, LTC Properties did not. It has maintained its dividend at $0.19 per share per month ($0.57 per quarter) since it rose to that level more than five years ago. That is an incredible amount of resilience, particularly noting that the company's roughly $1.5 billion market cap makes it one of the smaller healthcare REITs.
