Top S&P 500 Dividend Stocks #9 – Health Care REIT (HCN)
Real estate investment trusts (REITs) are required to pay out most of their earnings as dividends in exchange for certain tax benefits, which is why so many of them make lists of top dividend stocks.
And with a consistently high dividend yield, Health Care REIT (HCN) has become a staple of this monthly list of dividend stocks.
Just recently, HCN took advantage of a string of solid quarterly results — and a high share price, which is up 19% on the year — to sell more stock. The company garnered $1 billion from a secondary offering that not only bolstered the balance sheet, but also proved how popular HCN stock is these days.