Introduction
The reason why I'm writing this article is to discuss a stock with a >5% yield. I invest roughly 90% of my net worth in my long-term dividend growth portfolio. I try to maintain an average yield of close to 2.5% as I need to
Pros And Cons Of Owning MGM Growth Properties
Summary
- MGM Growth Properties uses top-tier entertainment properties to generate healthy funds from operations and dividends.
- The company maintains a healthy leverage ratio and should be able to provide dividend growth in the low-single digits.
- The main risk is a recession, which is why I am only buying half a position at current prices.
Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.
As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.
Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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