The much anticipated fed rate hike has been weighing heavily on the whole REIT sector and this is providing an excellent opportunity to buy some well run companies at discount prices. No one knows how low stock prices for these companies may go and I am not trying to time the bottom. I do know and am confident in the longer term, it will not matter much as the dividend income generated by this investment is worth the risks.
HCP is a member of the coveted S&P 500 dividend aristocrates, companies that have increased their dividend payouts for 25 consecutive years. With the nation's population living longer and millions of the baby boomer generation retiring, the need for healthcare services will be strong for many years to come. HCP business will thrive in this future and I want to own a piece of it.
This purchase will add $56/yr to the dividend income portfolio
Basic info:
Market CAP: 15B EPS: $0.50 Dividend: $2.26 (6.14%)
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