This Magnificent High-Yielding Monthly Dividend Stock Is Down 39%. Buy It Before It Sets a New All-Time High.
EPR Properties (NYSE: EPR) does a magnificent job generating passive income for its investors. The real estate investment trust (REIT) pays a high-yielding 6.9% dividend, much higher than the S&P 500's 1.3% Furthermore, unlike most stocks, it pays dividends each month instead of the typical quarterly schedule. That combination of yield and frequency makes it a great passive income investment. EPR Properties' yield is so high because it trades nearly 40% below its all-time high. However, the stock has been rallying, up nearly 25% over the past year, and should continue heading higher. Here's why dividend investors will want to scoop up shares of this REIT before it hits another all-time high. Two factors have weighed on shares of EPR Properties in recent years: pandemic-related tenant issues and higher interest rates. The pandemic had an outsize impact on EPR Properties because it owns experiential real estate such as movie theaters, attractions, and other entertainment properties. Its tenants had to close their doors during the pandemic, which significantly affected their ability to pay rent, forcing EPR to temporarily suspend its dividend. One of its theater tenants ultimately filed for bankruptcy protection. Continue reading
EPR Properties (NYSE: EPR) does a magnificent job generating passive income for its investors. The real estate investment trust (REIT) pays a high-yielding 6.9% dividend, much higher than the S&P 500's 1.3% Furthermore, unlike most stocks, it pays dividends each month instead of the typical quarterly schedule. That combination of yield and frequency makes it a great passive income investment.
EPR Properties' yield is so high because it trades nearly 40% below its all-time high. However, the stock has been rallying, up nearly 25% over the past year, and should continue heading higher. Here's why dividend investors will want to scoop up shares of this REIT before it hits another all-time high.
Two factors have weighed on shares of EPR Properties in recent years: pandemic-related tenant issues and higher interest rates. The pandemic had an outsize impact on EPR Properties because it owns experiential real estate such as movie theaters, attractions, and other entertainment properties. Its tenants had to close their doors during the pandemic, which significantly affected their ability to pay rent, forcing EPR to temporarily suspend its dividend. One of its theater tenants ultimately filed for bankruptcy protection.
