Dividend income can really add up. Since 1930, dividend payments have contributed 40% of the total returns for the S&P 500 Index, according to data from Morningstar and Hartford Funds. Furthermore, companies that paid a consistently growing dividend have historically outperformed their stingier peers.
Companies that prioritize dividends can be great wealth creators. Three stocks that have historically been excellent dividend payers are EPR Properties ( EPR -2.54% ), Realty Income ( O -1.89% ), and SL Green Realty ( SLG -0.83% ). These real estate investment trusts (REITs) pay monthly dividends with above-average yields that should continue growing in the coming years.
Back on track
EPR Properties is a specialty REIT focused on experiential real estate like movie theaters and other attractions. While its portfolio faced some headwinds during the pandemic, forcing the REIT to suspend its dividend temporarily, it has emerged stronger than ever.
The REIT reinstated its monthly dividend last year and recently increased it by 10%, pushing the current yield above 6%. That’s well above the REIT sector’s 3% average and the S&P 500’s 1.3% yield. EPR Properties should…
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