Top S&P 500 Dividend Stocks #7 – HCP (HCP)
HCP (HCP) is another REIT that’s no stranger to the list of top dividend stocks. However, the yield on HCP has been like a slowly melting iceberg — even after a dividend raise. The yield has slipped from 5.8% as recently as March.
That’s because HCP’s shares are rallying, up 14% year-to-date, and it’s hard to get mad at HCP stock for putting up such strong price appreciation. Indeed, HCP is having an excellent year for a big dividend payer, putting up a gain of 14% so far in 2014 not including its two quarterly payouts.
A beat-and-raise first quarter — helped by higher revenue, not cost cuts — has given HCN stock a nice tailwind. Improving fundamentals for healthcare REITs bode well for further gains this year.