My Top Dividend Stock To Buy In November
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Personally, I love being a homeowner. My wife and I bought our home here in Las Vegas just over a year ago, and the expenses have been pretty comparable to what we were paying in rent before we bought (and it’s still much cheaper than what we were paying back in Sacramento).
More than anything, though, I love the feeling of living in a place that’s actually ours. Going from renting to buying felt like a weight coming off my shoulders. It felt good to have a home where we could establish roots, build equity, and settle down (for a handful of years, at least).
Needless to say, buying a home has been a great experience for us. But I also get why a lot of people prefer renting.
It’s simpler. There’s no maintenance to worry about, no long-term commitment, more amenities, and much less hassle. For a lot of people, especially younger generations, flexibility, ease, and perks are more valuable than ownership.
As you can see from the graphic above, Millennials and Gen Z are renting at much higher rates than previous generations. There are plenty of reasons for that — affordability issues, job mobility, lifestyle freedom, etc. — but renting isn’t going anywhere.
As the graphic shows, renting is actually becoming even more common over time. And that’s one reason why I think Mid-America Apartment Communities (MAA) — which is my top dividend stock to buy in November — is a really interesting opportunity right now, especially with how much the share price has pulled back.
Source: Seeking Alpha
While the S&P 500 is up about 18% over the past year and the Vanguard Real Estate Index is about break even, MAA is lagging big time — down roughly 9.4% over the same period (including dividends).
And as we’ve talked about plenty of times in this newsletter, when share prices go down, dividend yields go up, which means now’s a great time to lock in a higher cash-flow return on a business that I think has a lot going for it.
Source: Investor Presentation
In case you aren’t familiar with Mid-America Apartments, this is a residential real estate investment trust (REIT) that owns and operates apartment communities across the United States.
Their focus is on Class A and Class B properties in the Sunbelt region — places like Atlanta, Dallas, Phoenix, Tampa, and Orlando. They even own a couple of properties here in Las Vegas, which I didn’t know until recently.
Source: Investor Presentation
MAA currently owns over 104,000 apartment units, and they’re pretty selective about where they invest. They target markets with above-average population growth, job growth, and rising household incomes.
Because their apartments are on the nicer end, MAA’s tenant base tends to be professionals in industries such as healthcare, finance, and technology — people who are generally well-positioned to pay rent even during economic downturns.
Source: Investor Presentation
From a financial standpoint, the business checks a lot of boxes.
Revenue has steadily increased over the years as MAA expands its portfolio and raises rents. And funds from operations (or FFO) per share — which is the REIT equivalent of free cash flow — has also grown over time, increasing by 4.6% on average over the past five years.
The dividend growth has been even better. With a current starting yield of about 4.5%, MAA has increased its dividend by about 7% per year on average over the past decade.
On top of that, the company has paid and grown its dividend since 1994. That’s more than 30 years of uninterrupted dividend payments, which tells you a lot about the company’s dedication to shelling out cash flow to shareholders.
With MAA’s share price on the down and out, I think it looks like a great buy. Plus, it seems to check all the boxes for us dividend investors — high yield, solid dividend growth, and an extensive dividend growth history.
With that said, MAA isn’t the only good buying opportunity on the market right now. It looks like there are quite a handful more, and I want to hear from you: Which discounted stocks do you have your eye on here in November? Write to me here and let me know.
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IN MY PORTFOLIO 📈
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ICYMI 🎥
This Is How You Live Like a BILLIONAIRE
In this episode of The Deep End, we break down what it really means to “live like a billionaire” — not by spending more, but by designing a life built around freedom, purpose, and experiences.
CAREFULLY CURATED 🔍
📺 Investing Heavyweights - A powerhouse interview between PPC Ian and Joseph Hogue — two legends who have been spreading the good word about long-term investing long before it became “content.”
🎧 The Art of Spending Money - Morgan Housel is back on We Study Billionaires, and he’s tackling a topic most people (especially us investors) avoid: how to actually spend money well.
📚 The S&P Problem - In this article, Daniel Peris makes a bold argument: the S&P 500 is no longer a benchmark — it’s a monster we accidentally built.
SINCE YOU ASKED 💬
"If you had to restart your investing journey and could only own 3 individual stocks for the rest of your life, which would they be?"
- Jake M | YouTube
This is such a fun question, but a tough one!
In this hypothetical example, I’ll assume I’m not allowed to sell any of these stocks since I’d be holding them for the rest of my life. With that in mind, my approach would be to think about things that aren’t going to change in my lifetime. So, these would be my 3 stock picks based on that:
Procter & Gamble (PG) – I don’t see any reality where people stop using basic essentials like toothpaste, deodorant, laundry detergent, shampoo, toilet paper, and diapers (especially in my recent experience as a new parent). These are everyday items people will always need no matter what's happening in the economy, and P&G owns many of the most trusted brands in each of these categories. Because of that, it would be a must-have in my lifelong portfolio.
Chevron (CVX) – I also don’t see a world where we completely eliminate fossil fuels. Not in my lifetime, at least. In fact, I think people underestimate just how many things rely on fossil fuels. Forget gas for our cars or heat for our homes—many people aren't aware that 99% of all plastics are made from fossil fuels. They’re everywhere! And I don’t see that changing anytime soon, which is why Chevron would make my list.
Walmart (WMT) – People will always need groceries, and Walmart is known as the place to get them the cheapest. And one thing about human nature is that people will always want to pay the least amount possible for whatever they're buying. That's been true since the dawn of time, it’s true today, and it’ll still be true long after I’m gone—which I think makes Walmart a fantastic forever hold.
So those are my three. If you feel like playing along, I’d love to hear your answer to this question—reply to this email and tell me your three lifelong holds.
Have a question? Ask me here to see it featured in an upcoming newsletter.
LAST WORD 👋
Over the past few months, I’ve been posting these short portfolio review videos on TikTok and YouTube (and all my social platforms, really). Basically, I’m reviewing portfolios from investors who have accounts on Blossom.
I’m putting these out almost every day, so if you’d like me to review your portfolio, all you have to do is set up a Blossom account and then send me a message with your username, or just tag me in a post.
It’s a fun way for us to connect, and it gives me a chance to share some personalized insights on your holdings.
