The little-known industrial REIT has agreed to buy Monmouth for $4 billion in cash, a huge deal, considering ILPT’s size.
Things are still not back to normal, and, as Motley Fool contributor Reuben Gregg Brewer points out, until a dividend is restored, only the most aggressive of investors should be considering this stock.
These publicly and privately held companies are required to pay at least 90% of their taxable income to shareholders in the form of dividends, which typically are higher — often much higher — than the income available from savings accounts and certificates of deposits.