2023-10-15 08:24:00
/Illustration=Kim Seong-gyu
As high interest rates in the United States prolong and external uncertainty increases due to the war between Israel and Palestine, Seohak Ants (foreign stock investors) are flocking to safe assets such as dividend stocks.
According to the Korea Securities Depository on the 15th, as of the 13th of this month, the stock that domestic investors net purchased the most (purchases exceeded sales) among U.S. stocks, excluding exchange-traded funds (ETFs), was dividend stock Realty Income. The net purchase amount was 31.64 billion won. Next, Coca-Cola (KRW 23.3 billion), which is considered a dividend stock, and IonQ, a quantum computer company (KRW 13.14 billion), ranked among the top net purchase stocks. During the same period, domestic investors showed a contrast by net selling a total of 37.94 billion won worth of U.S. stocks.
Realty Income, a REIT (real estate investment company), pays dividends every month. It has increased dividends every year for 30 years and belongs to the ‘dividend aristocrats’ who have increased dividends for over 25 years. Dividends are around $0.25 per share, and the dividend ratio compared to the stock price is over 6% per year.
Realty Income was ranked 4th among Seohak Ant’s net purchase stocks last month, but rose 3 places to 1st place in just one month. On the other hand, Nvidia, which ranked first in net purchases last month, fell to seventh place, and Apple, which was second, returned to the selling advantage.
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