In short, Apple Hospitality REIT could be a smart choice for investors who want exposure to the beaten-down hotel REIT subsector, but without the volatility and liquidity concerns that come with some of the more luxury- and group-focused companies.
It first began trading on the New York Stock Exchange on May 18, 2015 – nearly five years ago. However, do not be fooled by Apple Hospitality’s short history in the public markets. The company was a private hotel owner prior to its IPO , and has a very impressive real estate portfolio.
Concentrated with industry-leading brands, the Company’s portfolio consists of 104 Marriott®-branded hotels, 125 Hilton®-branded hotels, three Hyatt®– branded hotels and two independent hotels.
Apple Hospitality REIT suspends distribution to shield from coronavirus impact. Apple Hospitality REIT Inc. suspended its monthly distributions with immediate effect in an effort to shield itself from the economic impact of the coronavirus pandemic.
Seven highest dividend paying stocks in the S&P 500: Kinder Morgan (KMI) Williams Cos. (WMB) Altria Group (MO) Exxon Mobil Corp. (XOM) Iron Mountain (IRM) Lumen Technologies (LUMN) Oneok (OKE)
Apple Hospitality REIT’s next dividend payment will be US$0.10 per share. Last year, in total, the company distributed US$1.20 to shareholders. Based on the last year’s worth of payments , Apple Hospitality REIT stock has a trailing yield of around 7.7% on the current share price of $15.64.
APLE does not currently pay a dividend . If the company does initiate a dividend payout, we’ll add their payout info and history here. In the mean time, you can check out our list of High Yield Dividend Stocks.
Over the past six months, many companies have cut or suspended their dividends to conserve cash throughout the COVID-19 pandemic. Apple reinstated its long-suspended dividend back in 2012, and it subsequently raised its payout every year.
And if you’re reinvesting your payouts, monthly payers give your returns an extra lift in the long run because you can put your dividend cash to work faster.
Eight best monthly dividend stocks to buy now: Gladstone Investment Corp. (GAIN) Horizon Technology Finance Corp. ( HRZN ) LTC Properties (LTC) PennantPark Floating Rate Capital (PFLT) Prospect Capital Corp. ( PSEC ) Realty Income Corp . ( O ) Shaw Communications (SJR) Stag Industrial (STAG)
There are typically 12 dividends per year (excluding specials). Our premium tools have predicted Orchid Island Capital Inc with 81% accuracy.