APLE stock dividend – Apple Hospitality REIT Boosts Dividend Payout with Special One-Time Dividend of $0.05

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Apple ($NYSE:APLE) Hospitality REIT (Real Estate Investment Trust) is a publicly traded real estate investment trust that specializes in lodging investments. Apple Hospitality REIT recently announced a dividend of $0.08 per common share alongside a special one-time dividend of $0.05. The company has a long track record of consistently increasing shareholder returns through regular dividend payments, as well as through share repurchases and other strategic initiatives. These returns are also supplemented by the company’s focus on long-term portfolio growth, which involves investing in quality assets and actively managing its holdings in order to maximize profitability.

Apple Hospitality REIT has been an attractive option for investors looking for a reliable and consistent income stream. The most recent dividend payment demonstrates the company’s commitment to returning value to shareholders, while also providing insight into its strong financial position and long-term growth potential.

Dividends – APLE stock dividend

Over the last three years, Apple Hospitality REIT has issued an annual dividend per share of 0.96, 0.68 and 0.04 USD respectively. This special dividend brings the average dividend yield for 2021 to 2023 to 3.65%, with dividend yields of 6.57%, 4.11% and 0.26% respectively. For investors looking for a reliable dividend stock, Apple Hospitality REIT may be worth considering, as the special one-time dividend boosts the yearly payout and offers a higher-than-average yield over the next three years. The company boasts a solid track record when it comes to dividend payouts, so investors can rest assured that their returns will be steady over the long term.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for APLE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for APLE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for APLE. More…

Key Ratios Snapshot

Some of the financial key ratios for APLE are shown below. More…

Stock Price

The announcement of the special dividend led to a slight decrease in the stock price of APLE, as the stock opened at $17.2 and closed at $17.0, down by 0.2% from its prior closing price of $17.0. The special dividend declaration signals confidence in the company’s financial performance and its ability to generate strong cash flows. This is likely to attract investors who are looking for high dividend yields and steady returns. The move also indicates that the company is looking to reward its current shareholders for their loyalty and support. Live Quote…

Analysis

GoodWhale has conducted a thorough analysis of APPLE HOSPITALITY REIT’s fundamentals and concluded that it has a high health score of 9/10 with regard to its cashflows and debt, meaning it is capable to safely ride out any crisis without the risk of bankruptcy. We have classified APPLE HOSPITALITY REIT as a ‘cow’, meaning it has a track record of paying out consistent and sustainable dividends. Considering APPLE HOSPITALITY REIT’s strong dividend performance and its medium asset, growth, and profitability ratings, we believe that income investors, and those looking for a reliable and steady return on investment may be particularly inclined to invest in this company. Additionally, potential investors should still take into account the risks associated with investing in REITs, such as interest rate changes, changes in the real estate market, and economic downturns, before making their decisions. More…

Peers

The company’s competitors include Sunstone Hotel Investors Inc, Braemar Hotels & Resorts Inc, and CDL Hospitality Trusts.

– Sunstone Hotel Investors Inc ($NYSE:SHO)

Stone Hotel Investors Inc is a real estate investment trust that invests in hotel properties. The company’s portfolio includes properties in the United States, Canada, and Europe. As of 2022, Stone Hotel Investors Inc had a market cap of 2.28 billion. The company’s primary business is owning and operating hotel properties.

– Braemar Hotels & Resorts Inc ($NYSE:BHR)

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust that owns and operates upscale full-service hotels and resorts, primarily in the United States. The company was founded in 1993 and is headquartered in Dallas, Texas. As of December 31, 2020, Braemar’s portfolio consisted of 36 hotels and resorts with a total of 11,917 guest rooms.

– CDL Hospitality Trusts ($SGX:J85)

CDL Hospitality Trusts is a hospitality real estate investment trust that owns a portfolio of hotels and resorts in Asia Pacific. The company’s market cap is $1.41 billion as of 2022. CDL Hospitality Trusts is headquartered in Singapore.

Summary

Apple Hospitality REIT recently declared a dividend of $0.08 per share and a special dividend of $0.05. The dividends, combined with the company’s strong financial position and impressive portfolio of hotel properties, make Apple Hospitality REIT an attractive investment option. The REIT has grown at an impressive rate over the past few years and looks set to keep growing as more investors consider it to be a good option for their portfolios. With low debt and a widely diversified portfolio, Apple Hospitality REIT is an attractive choice for investors looking for strong returns while diversifying their portfolios.