3 REITs That Are Increasing Their Dividend Yields

Includes: ALX, DDR, VNO
by: Mark Riddix

One of the best ways to make money investing is by buying dividend stocks. Real estate investment trusts are some of the best dividend stocks because of their great yields. Let’s take a look at three real estate investment trusts (REITs) that are raising their dividends.

REIT Dividend Increases

Things must not be too bad in the commercial real estate sector with Vornado Realty Trust (NYSE:VNO) boosting its dividend payout. The real estate investment trust increased its dividend this past week from $2.60 per share to $2.76 cents. The 6% increase gives the stock a 3.2% annual yield.

Alexander’s Inc. (NYSE:ALX) is giving more cash back to shareholders. This REIT leases, manages, and develops properties in the New York City area. Alexander’s increased its annual dividend from $10 a share to $12 a share. The stock is currently priced at $419 a share which means that the stock is now yielding 2.90%.

Developers Diversified Realty (NYSE:DDR) manages and develops shopping centers and malls. The company increased its quarterly dividend 100%. The dividend payout has doubled from 8 cents per share to 16 cents per share. The company’s yield has increased to 1.20%, which is still a pretty low payout for a REIT.

Disclosure: I do not own share in any of these stocks.