While high-flying growth stocks tend to attract more attention, don't overlook strong dividend payers that can also be a valuable addition to your portfolio, providing steady income along with long-term growth. Among their number are real estate investment trusts (REITs), owners of income-producing property who, by dint of their tax status, are required to distribute at least 90% of their taxable income each year to shareholders. Three good choices to consider are American Tower (NYSE: AMT), Prologis (NYSE: PLD), and Realty Income (NYSE: O).
The latest trading day saw Prologis (PLD) settling at $114.93, representing a +1.67% change from its previous close.
Prologis (PLD) stands to benefit from its ability to provide modern facilities at strategic locations and its robust financial position. However, elevated interest rates and high supply are concerning.