These Dividend Stocks Are Turning to the Sun to Generate More Income
Real estate can be a great income-producing investment. Commercial properties tend to produce relatively steady income for their investors as tenants pay rent.
Rent isn't the only income stream a property can produce. Many real estate investment trusts (REITs) are using their roofs to generate even more income by installing solar panels. That's giving them additional income that they can use to support their dividends. Stag Industrial (NYSE: STAG), Prologis (NYSE: PLD), and Extra Space Storage (NYSE: EXR) are among the notable REITs using their roofs to generate solar energy to earn some additional income.
Stag Industrial owns 568 warehouses and light manufacturing buildings across 41 states. Those properties have 112 million square feet of rentable space. That space generates rental income to support the industrial REIT's 3.8%-yielding monthly dividend.
Source Fool.com
STAG Industrial Inc. Stock
Currently there is a rather positive sentiment for STAG Industrial Inc. with 4 Buy predictions and 0 Sell predictions.
With a target price of 37 € there is a slightly positive potential of 14.84% for STAG Industrial Inc. compared to the current price of 32.22 €.
