Today was a market down day for the REIT sector so I decided to go shopping.
EastGroup Properties (NYSE:EGP) focuses on multi-tenant business distribution buildings.
Basic info:
Market CAP: 3.5B Dividend: $2.88 (2.9%) Payout Ratio: 68% 5yr DGR: 3.7%
Prologis (NYSE: PLD) manages logistics and distribution centers in the Americas, Asia and Europe.
Basic info:
Market CAP: 38B Dividend: $1.92 (2.96%) Payout Ratio: 69% 5yr DGR: 9.4%
These 2 purchases will add $56 div income annually to my dividend stock portfolio ๐ช
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