This High Dividend Stock Has 2 6%-Plus Dividend Yields And Goes Ex-Dividend This Week

Looking for a good time? That's what's on the minds of the many consumers who frequent the megaplex cinemas, entertainment centers, and sports facilities owned by this week's focus stock, EPR Properties (NYSE:EPR). Unlike the many energy-related high dividend stocks we've covered in our recent articles, EPR isn't commodity-based. In fact, EPR should benefit from falling oil prices - as US consumers have more money to spend, thanks to cheaper gas, and a slowly improving employment picture, it would seem that they'll spend some of that money on entertainment.

EPR is a diversified REIT, which has an interesting portfolio of non-commodity properties - not only entertainment- and recreation-based, but also education-based. The company grew its school properties by 7% in 2013, and student enrollment at its schools grew by 13%. This makes sense, due to very strong demand - there is a waiting list of over 1 million students for private schools in the US. The overwhelming majority of EPR's properties are 100% leased, on triple net leases. EPR offers a high yielding common dividend, and several preferred shares. EPR has had steady dividend growth since 2010, averaging 7%.

Source: Seeking Alpha

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