Is Apple Hospitality REIT a Great Dividend Stock?
With a juicy dividend monthly dividend amounting to an annual yield of 7.4% and a relatively stable market niche, Apple Hospitality REIT (NYSE: APLE) appeals to many in the current low-yield environment. But before jumping in, we need to look at its performance among peers, its financial stability, and the trajectory of the company.
Apple Hospitality REIT is the largest publicly traded limited-service hotel landlord. Hotel names falling into the limited-service category include Hampton Inn & Suites, Courtyard by Marriott, Hilton Garden Inn, and Residence Inn, to name a few.
Today, Apple Hospitality owns 235 branded hotels across 34 states and 87 markets. The broad diversification provides exposure to a wide variety of economies and reduces volatility.
Source Fool.com
