RioCan REIT Reduced Its Dividend by 33%?! | 4 Alternative REITs for Higher Dividend YIELDS of 7.5%+

#dividends #passiveincome #investing #riocan #reits #canada #CanadianInvesting #dividendyield
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Links:
Riocan CEO statement on Dividend reduction:

Smartcentres Q3 Presentation:

Slate Grocery Q3 Presentation:

Firm Capital REIT Q3 Presentation:

Brookfield Properties “2020 Investor Day” Presentation:

Brookfield Nov. 2020 Fact sheet:

RIOCAN, one of the most popular REITs in Canada, reduced their Annual dividend rate by 33% from 1.44 to 96 cents. The announcement was made December 3rd and the stock closed a little lower on Friday at 17.65$. So at this current stock price, the new annual dividend Yield is 5.44%.

In this video, I will show you 4 alternative REITs, in case you want to pivot into a REIT that has a higher Dividend YIELD. Let’s check them out together...

Before I unveil the 4 alternatives I just want to say that I still think RIOCAN is a solid REIT. There is nothing wrong with simply holding on to it, even with the dividend reduction. It’s only going to make the stock price go higher with time.

I personally believe this cut was done with an abundance of caution.

Before you make a decision to sell your shares, I strongly suggest you check out an Interview the CEO of RIOCAN did, with BNN. I'll put the link to that below.

So in summary I still think RIOCAN is a great REIT with solid growth prospects in terms of stock price but also dividend increases from this point on and I'm definitely keeping my shares.

Regardless of what i think: here are 4 alternatives for you if you want more Dividend YIELD:

Ok so those 4 alternative REITs providing higher dividend Yields…i'll put all the links to the investor presentations i showed in the video description, i strongly suggest you do your own research before investing in any of these 4 REITs. It's simply the smart thing to do.

HOWEVER
What if you want a safer option. You no longer want to invest in any Individual REITs and would prefer a REIT ETF let’s say, where the Dividend is much safer and much more stable since it holds many DIfferent REITs . Well I would have to agree that this is a great idea and I recently made a video that reviews my 3 favorite REIT ETFs. The link should be flashing on your screen right now…

So check out that video, I promise you won’t be disappointed.

As always, if you learned something…. Hit that like button!

Make sure you're subscribed because if you liked this content… this is what the channel is all about. My mission remains the same….

To help everyday working Canadians to invest on their own to build a nice stream of passive income to enhance their quality of life.

So with that….Take care, stay safe

[PassiveIncomeInvesting]

Whats Up Investors, Using a New Microphone, however we messed up the music volume at the end. The content audio is still perfect, and that pays dividends!

[smudboy]

MRT.UN, SOT-UN.TO, SGR.UN and TNT-UN.TO are all over 9%

[SunnyUBC]

Alternatives are good. But agree with you Rio can is still a solid reit!

[bittergosling]

I have 407 shares of RioCan. The dividend cut makes me a sad panda, but I will hold for the long term as my price per share is quite good. RioCan is not in trouble; they are simply getting more defensive as 2021 will be a bumpy ride. While I'm not selling my RioCan, I am definitely diversifying more.

[francoischarbonneau]

I agree, RioCan is not in trouble and dividend cuts are not necessarily a reason to sell our shares. However, I had great trust in Sonshine and that is no longer the case. I could go on and on about how they disappointed me, but that's reason enough to move on. On the other hand, SmartCentres management sounds much more inspiring, motivated and aggressive with their plans, everything I like to see.

[RP-sizb]

I have a modest 367 unit position. Still a solid financial company with diverting into residential. Holding will be keeping drips and adding in any dips.

[jumbothompson]

Canadian Tire reit is a good one for anyone looking for something safer. Choice Properties as well.

[TheJoeMoneyShow]

BPY is great been in it since $16 a share

[enjoythedreamlife]

Riocan had barely raised its dividends over the past 10 years, most dont. Better to look at dividend growth payer stocks

[Rob-obsh]

Hi Adrian. Hope your having a good day. I have a question on Slate grocery. So the stock is listed on the tsx and holds American stores. Buy the stock of course in Canadian dollars but dividends are paid in U.S D. Do they have a 15% withholding fee on the dividends? Thanks

[nomad]

Another invaluable video. Would you recommend Slate Office REIT SOT-UN as another solid alternative?

[ayushchowdhry]

Very informative video! I have a question: Are dividends from Slate grocery REIT in TFSA taxed? As they are paid in USD? But the company itself is Canadian. I'm confused.

[MrChepburn]

Adrian - what do you think about holding Reality Income Corp. "O" ? ( In USD inside your RRSP )

[danlane]

Another informative video! I own slate grocery reit and saw that it dipped 5% on Friday. Do you know why?

[theok]

What are your thoughts on PLZ-UN? I own Rio-can also and agree with you on its upside. I have my eye on buying SRU-UN next.

[je.m]

Ill sell short term then when its low whole buy

[deanbryson]

Brookfield property brothers and BAM.a possibly making a deal, I am just holding the brothers, what do you think?

[focuzonme]

What trading platform do you use for your trades? Is that the TD trading account platform. I'm with bmo and the 2hr phone wait times to get help I can't deal with anymore. I'm looking to change. Is td bank worth it?

[philippedepass]

I like your videos but I think you could improve by normalizing the audio volume. Sometimes the music is way too loud