Costco Wholesale Corporation (NASDAQ:COST) stock has been a darling of Wall Street over the past five years, returning approximately 232% over that time.
While Costco, a multi-billion dollar global retailer with warehouse club operations in eight countries, has had a good run, its dividend yield is nothing to write home about.
At 0.58% and a quarterly dividend amount of $1.01, it's better than nothing. But there's another option to consider.
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- Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
- Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
A Hack to Earn a 4.9% Yield from Costco
Instead of buying Costco at nearly $700/share and earning a 0.58% annual dividend yield, you can buy shares of Agree Realty Corporation (NYSE:ADC) for $60. With that comes a 4.9% annual dividend yield.
Agree Realty Corporation is a real estate investment trust (REIT) that focuses on acquiring and developing properties net leased to industry-leading retail tenants, including Costco.
The company typically invests in retail properties leased to tenants in various sectors, including automotive, consumer goods, and essential services, providing a diversified portfolio in terms of tenant base and geographic locations.
Its portfolio consists of 2,135 properties consisting of 44 million square feet.
Agree Realty Corporation currently pays a monthly dividend of $0.247, which equates to $2.964 per share annually.
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- Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.
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