Stock Purchase - APLE (80 shares, $96 dividend income)

Apple Hospitality REIT, Inc. (NYSE: APLE), Inc. is a real estate investment trust (REIT) that invests in lodging properties operating under the Hilton® and Marriott® family brands. The Company’s portfolio consists of 236 hotels, with over 30,000 guestrooms nationwide.

Despite a short dividend history (~ 1 year), I do like that this company holds an impressive portfolio of properties with only well-known brands. That makes a difference I think in their competitive market place. Their recent earnings was a beat on revenue and if the US economy remains strong (no recession), the lodging business looks promising.

Their monthly dividend of $0.10/shr is a nice feature and I hope to collect that 6%+ annualized dividend for many years to come.

This purchase will add $96 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 4B   EPS:$0.48  Dividend: $1.20 (6.75%)