CTO Realty Growth: I'm Buying The Commons For The 8% Dividend Yield
CTO Realty Growth(CTO) Seeking Alpha·2024-09-15 13:09
jetcityimage/iStock Editorial via Getty Images CTO Realty Growth (NYSE:CTO) has been a quiet juggernaut in the retail REIT space, up 18% on a total return basis year-to-date and last declaring a quarterly cash dividend of $0.38 per share, unchanged from the prior period and $1.52 per share for an 8% annualized dividend yield. I last overed the REIT in May, when there was still material uncertainty around when the Fed would start paring bock interest rates. Market confidence around the start of rate cuts has ...