Want to Make $500 in Dividend Income? These 3 REITs Could Help You Do It
Real estate investment trusts (REITs) can be incredible stocks for dividend investors. That's because in order for REITs to benefit from certain tax advantages like paying no corporate taxes, they are required to pay a minimum of 90% of taxable income in the form of dividends. Right now, the average dividend yield for all REITs as tracked by the National Association of Real Estate Investment Trusts (NAREIT) is more than double dividend yield of the S&P 500.
Certain REITs, in particular, can offer above-average returns, which over time can lead to notable dividend income as dividends grow. If you're looking to earn $500 from dividends, here's how STORE Capital (NYSE: STOR), SL Green (NYSE: SLG), and Simon Property Group (NYSE: SPG) could help you do it.
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Source Fool.com
