The three stocks we will profile are all trading near their 52-week lows. In two cases, REITs are featured, which have to distribute the bulk of their earnings in the shape of dividends. To capitalize on America’s aging population, the first pick will appeal to you. For investors seeking access to the metropolitan areas known as the “sun belt,” the other REIT is highly recommended. Finally, the last pick has lost favor in recent quarters, but there’s a good chance it will regain traction as it makes items everyone uses in their daily lives.
Explore top dividend stocks to buy in 2024, featuring UHT, LEG, & CTO for steady income & potential market beat amidst rate cuts. Universal Health Realty Income Trust (NYSE: UHT): Despite near 52-week lows, UHT’s focus on healthcare facilities in an aging US, combined with expected interest rate cuts improving its high debt cost, positions it for a rebound. Leggett & Platt (NYSE: LEG): With a dividend yield of 9.76% and a 53-year streak of dividend increases, Leggett & Platt’s strategic reorganization aims to leverage its 140-year legacy for future earnings growth amid shifting demand. CTO Realty Growth (NYSE: CTO): CTO’s focus on the expanding “sun belt” regions and its diversified portfolio have fueled consistent financial performance and an 11-year streak of dividend increases, setting it apart in the REIT sector.
Source: InvestorPlace
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Posted by D4L | Tuesday, April 16, 2024 | ArticleLinks | 0 comments »________________________________________________________________
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