These Three Dividend Stocks Can Double Your Money in Under 7 Years I’ll never forget making my first grownup furniture purchase. After I made my purchase, the store’s proprietor approached me. I informed him that I was pleasantly surprised by his prices. I want to get wealthy, but I want to do it gradually, he retorted.
In actuality, doing anything over an extended period of time is the safest and simplest approach to create riches. For those who would rather not wait so long, is there another option? In my opinion. In less than seven years, these three dividend stocks can quadruple your investment.
Digital Realty Trust
Digital Realty Trust(NYSE: DLR) Digital Realty Trust is a real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of data centers and other technology-related real estate. The company’s stock is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol DLR. As of my knowledge cutoff, the stock has been performing well and has been considered a solid investment by market analysts, however, it’s important to note that the stock market and individual stocks can be highly volatile, past performance is not necessarily indicative of future results. It’s always a good idea to conduct your own research and consult with a financial advisor before making any investment decisions.
Over the coming years, Digital Realty Trust should profit from a variety of growth factors. Businesses keep transferring their programmes and data to the cloud. Artificial intelligence applications appear to be approaching a significant turning point. Data centre demand should be boosted by the implementation of 5G networks and the ensuing growth of the Internet of Things.
The demand for digital infrastructure is expected to rise until 2026 at a compound annual growth rate of 10% to 13%, according to global consulting company McKinsey & Company. For Digital Realty Trust’s total return to at least double investors’ money over the following seven years, its robust dividend must be added in addition to growth at even the low end of this range.
Medical Properties Trust
Medical Properties Trust is a real estate investment trust (REIT) that focuses on the acquisition and management of healthcare-related properties, such as hospitals, medical office buildings, and skilled nursing facilities. The company’s stock is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol MPW. As of my knowledge cutoff, the stock has been performing well and has been considered a solid investment by market analysts, but again it’s important to note that the stock market and individual stocks can be highly volatile, past performance is not necessarily indicative of future results. It’s always a good idea to conduct your own research and consult with a financial advisor before making any investment decisions.
The company leases 435 facilities with around 44,000 licensed beds to hospital operators in 10 countries.
The dividend yield of 9.4% for the hospital REIT is particularly alluring. While many of its competitors reduced their dividend payments during this time, Medical Properties Trust has increased its dividend for eight years running.
By simply reclaiming its level from early 2022, this stock may almost quadruple. Investors were unsure about the future of Medical Properties Trust because some of its tenants had financial difficulties.
However, with increasing payment from Medicare and commercial payers, the prognosis is getting better for hospital operators. That ought to eventually result in investors’ faith in Medical Properties Trust being restored. Additionally, if the REIT can at least keep its dividend at its current level, its share price won’t need to increase significantly to provide investors with a total return of at least 100% in less than seven years.
Banco Bradesco S.A.
Banco Bradesco S.A. is a publicly traded company on the São Paulo Stock Exchange (B3) and on the New York Stock Exchange (BBD). As of my training data cut off, the stock performance for the past year was not great due to the economic crisis in Brazil. It is recommended to conduct further research and consult with a financial advisor before making any investment decisions.
Banco Bradesco S.A. (NYSE:BBD) announced operating income of R$7.05 billion for the third quarter of 2022. The company’s R$16.2 billion in net interest income increased 3.7% from the same time previous year. Given that it paid shareholders R$7.4 billion in dividends over the first nine months of the year, it is one of our top dividend stocks. The stock’s current share price of $2.92 places it among the list of inexpensive monthly dividend stocks.
Banco Bradesco S.A. (NYSE:BBD) was the subject of ownership reports from 15 hedge funds tracked by Insider Monkey at the end of Q3 2022, up from 14 the previous quarter. These stakes are worth more than $176 million all together.