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.
For further details see:
This Growth Stock Just Boosted Its Dividend. Time to Buy?