Got $1,000? This Exciting 6.5%-Yielding Monthly Dividend Stock Can Pay You $65 (and Growing) of Passive Income Each Year.
There are countless ways to start collecting passive income. One great option is to invest in EPR Properties (NYSE: EPR). The real estate investment trust (REIT) pays a monthly dividend that currently yields 6.5%. At that rate, a $1,000 investment would generate about $65 of dividend income each year.That passive income stream should rise in the future as the REIT grows its portfolio and increases its monthly dividend. It recently gave investors a 3.5% raise. With more portfolio growth in the forecast, EPR Properties should be able to continue producing a rising stream of passive income. EPR Properties is a specialty REIT focused on experiential real estate. It owns a diversified portfolio of movie theaters, eat & play properties, attractions, fitness and wellness properties, and other experiences leased to tenants that operate the properties. The REIT also has a small portfolio of educational properties. Those leases provide it with relatively steady rental income that it uses to pay its monthly dividend. Continue reading
There are countless ways to start collecting passive income. One great option is to invest in EPR Properties (NYSE: EPR). The real estate investment trust (REIT) pays a monthly dividend that currently yields 6.5%. At that rate, a $1,000 investment would generate about $65 of dividend income each year.
That passive income stream should rise in the future as the REIT grows its portfolio and increases its monthly dividend. It recently gave investors a 3.5% raise. With more portfolio growth in the forecast, EPR Properties should be able to continue producing a rising stream of passive income.
EPR Properties is a specialty REIT focused on experiential real estate. It owns a diversified portfolio of movie theaters, eat & play properties, attractions, fitness and wellness properties, and other experiences leased to tenants that operate the properties. The REIT also has a small portfolio of educational properties. Those leases provide it with relatively steady rental income that it uses to pay its monthly dividend.
