What is better than a combination of growing stocks with high dividend yields? The answer: not much. Here are two stocks worth looking at that are both growing and yielding dividends above 5%
Health Care REIT, Inc. (HCN)
Health Care REIT is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States, particularly in senior living and health care properties. Click to enlarge
It invests across the full spectrum of health care real estate, including senior living communities, medical office buildings, inpatient and outpatient medical centers and life science facilities. (Yahoo Finance)
Dividend Yield: 5.3%
This stock has been hot. With more than 1,000 different healthcare facilities, including many senior and skilled nursing facilities, this stock is poised for good future growth. As aging baby boomers have started to retire, the need for hospitals, medical office buildings, and senior housing has been on the rise. As a health-care real estate investment trust, this company has a long history of investing in those properties. The company continues to do well and will grow as long as this market is favorable to dividend investment as the number one source of income right now. With a high yield of over 5%, this is a present and future stock to consider investing in.
Pepco Holdings, Inc. (POM)
This company engages in the transmission, distribution and supply of electricity. It also distributes and supplies natural gas. It distributes electricity to approximately 1.8 million customers in the mid-Atlantic region and delivers natural gas to approximately 124,000 customers in Delaware. Click to enlarge
In addition, the company is involved in the provision of energy efficiency services principally to federal, state and local government customers; and designs, constructs and operates combined heat and power and central energy plants. (Yahoo Finance)
Dividend Yield: 5.4%
The three electric utilities that serve most of southeastern Pennsylvania and South Jersey had the top customer satisfaction ratings of all large electric utilities in the eastern United States, according to J.D. Power and Associates. One of them is Pepco Holdings. It had the top rating showing customer satisfaction. The irony here: On the one hand, the East Coast faced hurricane-like devastation from the recent series of storms, but it seemed that in the DC area, all the surrounding power companies were more successful in getting folks up and running. But the stock continues to look good and shows itself as a good buy with a solid dividend of above 5%.