Title: High-Yield Dividend Stock Outfront Media Poised for Growth with $23 Billion Opportunity
If you’re on the hunt for a high-yield dividend stock, look no further than the real estate sector, specifically among real estate investment trusts (REITs). REITs are known for their generous dividend yields, as they are required by law to distribute at least 90% of their profits as dividends.
With share prices in the REIT sector currently down due to surging interest rates, now is a prime time for dividend investors to capitalize on the opportunity. The Federal Reserve’s forecast of falling interest rates later this year is expected to drive investors back into dividend stocks like REITs, lifting their share prices.
Among the many choices in the REIT sector, Outfront Media (NYSE: OUT) stands out as a high-yielding stock with a unique offering. As one of the largest owners of outdoor advertising properties, including digital and traditional billboards, Outfront currently boasts a dividend yield of 7.6% and has seen its stock surge in recent months.
Outfront is poised for further growth thanks to a cyclical tailwind from falling interest rates and a rebound in the advertising market. The company’s digital revenue is on the rise, with the digital out-of-home (DOOH) advertising market presenting a $23 billion opportunity that is expected to grow rapidly in the coming years.
With the emergence of programmatic advertising and partnerships with key companies, Outfront is well-positioned to capitalize on the growing DOOH market. Investors who buy into Outfront now can benefit from its appealing dividend yield and potential for long-term growth.
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Overall, Outfront Media’s $23 billion secret weapon in the digital advertising market positions the company for success in the years to come, making it a compelling choice for investors seeking high-yield dividend stocks with growth potential.
