These 2 Stocks Have Their Highest Dividend Yields in a Decade. Time to Buy?

By Matt Frankel and Tyler Crowe – Apr 30, 2024 at 5:57AM

NYSE: PSA

Public Storage

Market Cap

$50B

Today's Change

(0.13%) $0.37

Current Price

$287.02

Price as of May 16, 2024, 4:00 p.m. ET

These dividend stocks look remarkably cheap, and now could be a great time to buy.

Real estate investment trusts, or REITs, haven't exactly performed well in the rising-rate environment, but there's good news for investors with money to deploy. Several high-quality REITs are paying unusually high dividend yields, including these two that have their highest yields in over a decade.

*Stock prices used were the afternoon prices of April 25, 2024. The video was published on April 27, 2024.

Matt Frankel has positions in Public Storage. Tyler Crowe has positions in Rexford Industrial Realty. The Motley Fool has positions in and recommends Rexford Industrial Realty. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.