How to Make $100 in Passive Income by Investing in Sun Communities Stock

Sun Communities (NYSE: SUI) is a real estate investment trust (REIT) that owns, operates, or has an interest in a portfolio of manufactured home (MH), RV, and marina properties in the U.S., UK, and Canada. With a diverse range of properties, Sun Communities offers investors the opportunity to earn passive income through dividends.

As of December 31, 2023, Sun Communities owned 667 developed properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces. The company is set to report its Q4 2024 earnings on February 18, 2025, with analysts expecting revenues of $801.92 million, up from $726.70 million in the previous year.

One of the key attractions of investing in Sun Communities is its dividend yield, which currently stands at 2.97%. Over the last 12 months, the company has paid out $3.76 per share in dividends. This means that if you want to earn $100 per month – or $1,200 annually – from Sun Communities dividends, you would need to have an investment value of approximately $40,404, which equates to around 319 shares at the current price of $126.61 each.

Calculating the dividend yield is essential for understanding how much income you can generate from your investment. By dividing the annual dividend payments by the stock’s current price, you can determine the percentage yield. The dividend yield can fluctuate over time due to changes in stock prices and dividend payments.

Sun Communities has a track record of consistent dividend hikes, having raised its dividend consecutively for the last seven years. This makes it an attractive option for income-focused investors looking to generate a steady income stream. Additionally, the company’s Q3 2024 earnings report indicated a core FFO of $2.34, slightly below the consensus estimate, but still showing strong performance.

In summary, investing in Sun Communities stock can provide investors with the opportunity to earn $100 per month in passive income through dividends. With a solid dividend yield and a history of dividend increases, Sun Communities offers a reliable income stream for investors looking to build wealth over time.

If you’re interested in exploring other investment opportunities, platforms like EquityMultiple offer short-term note investments with attractive rates of return. These options provide flexibility and liquidity for investors looking to diversify their portfolios.

In conclusion, Sun Communities presents a compelling opportunity for investors seeking passive income through dividends. With a strong track record of dividend growth and a diverse portfolio of properties, Sun Communities is well-positioned to continue delivering value to shareholders. Consider exploring this investment option to potentially earn $100 in passive income each month.