There are very few things that are certain in life. They say that death and taxes are the only things you can bank on with any degree of certainty. While there is definite truth to that statement, I would like to add another added thing that is guaranteed 100%. That thing is that we are all getting older by the day.
It’s not just you and I individually, the society as a whole is getting older by the day. This means that there will be more elderly people than ever as each year passes slowly by.
Investing in firms that are riding this trend is a sure way to build long term wealth. This is particularly accurate if the company is a high yielding REIT that is required by law to pay out a large percentage of profits as dividends to investors.
One of my favorite income stocks in this sector is Senior Housing Properties Trust (NYSE:SNH).
This REIT not only rides the aging wave of the future, it pays a current 6.9% yield.
The company owns and operates nursing homes, retirement complexes, and assisted living facilities.
Let’s take a closer look at the company. It owns and manages approximately 400 properties in 40 states. The company just announced it is selling two properties and is expecting a 20% revenue increase this year.
Remember; own this stock for dividend reinvestment with a chance of appreciation.