I just bought my fourth REIT in the nonPension portfolio.
With a current dividend yield of far more than 4%, Lamar Advertising Company (LAMR) will provide income of $1.94 per month. The quarterly payment is currently about 11% higher than it was a year ago. This purchase will contribute significantly toward the march to $560, assuming that payments continue to increase at the rate they have increased in recent years.
LAMR began paying dividends in 2014, and has paid more in dividends each year since. The inauguration of dividend payments corresponded with a conversion to a REIT the same year. Purchasing LAMR for the nonPension portfolio is perhaps a bit risky, given the short dividend history, but it is a strategic risk taken to attempt to push the portfolio closer to its future income goal.
The current average monthly portfolio income now stands at $72.41, and the bonus purchase next week will likely increase to over $73.
What do you think of LAMR as an investment over the next 20 years? Will it do its share of the work to provide the income I will need at retirement?
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