What income investor doesn’t enjoy the frequent monthly payouts and reliable cash flow that can come from owning monthly dividend stocks, trusts, and other investments such as real estate investment trusts? The ability to offset predictable expenses such as mortgage payments and utility bills every month with income from monthly dividends provides the ultimate convenience, timeliness, and peace of mind for many investors.
Apple Hospitality REIT (Real Estate Investment Trust)
Apple Hospitality REIT (APLE) is one of the hotel industry’s largest owners of select service and extended stay hotels. Apple Hospitality invests in only two brands, Hilton (HLT) and Marriott (MAR), and is one of the top five owners of Hilton and Marriott hotels nationwide. This real estate investment trust (REIT) owns 241 hotels in 34 states and focuses on top business traveler markets such as Los Angeles, San Diego, Atlanta, Nashville, and Dallas Texas.
Apple Hospitality was formed through the mergers of several non-traded real estate investment trusts (REIT). Since becoming publicly traded in 2015, Apple Hospitality has generated consistent income growth and a steady monthly dividend of 10 cents per share ($1.20 annualized). Funds from operations (FFO, an important measure of REIT profitability) per share totaled 89 cents through the first six months of 2018, easily covering the 60 cents paid out in monthly dividends.