This Growth Stock Just Boosted Its Dividend. Time to Buy?
Real estate investment trust (REIT) stocks are often looked at for dividend income rather than growth. Since REITs are required to pay 90% or more of taxable income out as dividends, their higher dividend payouts can slow their rate of growth.
But Mid-America Apartment Communities (NYSE: MAA), better known as MAA, offers investors both long-term growth opportunities and attractive dividend yields. The stock has outperformed the S&P 500 over the past three, five, 10, 15, 20, and 25-year periods while also paying a 2.3% dividend yield, nearly double that of the S&P 500.
Considering the stock is down 31.6% this year and it recently raised its dividend payout by 12%, is now a good time to invest? Let's take a closer look.
Source Fool.com
