You have $ 1,000 to invest in August? These high -end dividends can turn it into nearly $ 60 a year of passive income.

Investing in high -profit dividends is a great way to generate passive income. For example, investing $ 1,000 in the following companies can lead to nearly $ 60 annual dividend income:

Dividend shares

Invested

Recent yield

Annual income from dividend

Epr properties (Nyse: epr)

$ 500

6.42%

$ 32.10

VICI properties (Nyse: vici)

$ 500

5.29%

$ 26.45

Generally

$ 1,000

5.85%

$ 58.55

Data sources: Google Finance and Author calculations. The dividend incomes are from July 31.

Here is a closer look at these high quality, high-end dividends.

EPR Properties is a trust in real estate investment (Reit) focused on experienced real estate. The company has a diverse portfolio of movie theaters, places for dining and playing, health and fitness properties, attractions and other entertainment spaces.

He rented these properties back to operating tenants, mainly with long -term, triple networks (NNNS). These leasing provide him with a very stable cash flow as tenants cover all operating costs of ownership (including routine maintenance, real estate taxes and buildings insurance).

Image source: Getty Images.

Reit expects his stable portfolio to generate $ 5 to $ 5.16 per share of operations (FFO) as adjusted this year. This easily covers its monthly dividend payment of $ 0.295 per share, or $ 3.54 a year. It also provides a pillow and excess money to invest in more playful properties.

The EPR Properties invests $ 86.3 million in new properties in the first half of this year. Recent investments have included the land of $ 1.2 million and providing $ 5.9 million in mortgage funding provided by improvements in health and wellness property in Georgia. It also acquired land for a new development of eating and playing in Virginia for $ 1.6 million, which has expected total cost of $ 19 million and expected completion in 2026.

The company plans to invest $ 200 million to $ 300 million new properties this year. This includes $ 106 million for development and reconstruction projects it plans to finance over the next 18 months.

These investments should grow FFO and the EPR dividend. Reit increased its paying by 3.5% earlier this year.

Colleagues Reit Vici Properties also invest in experienced real estate. However, its main focus is on the market leading games, hospitality, wellness, entertainment and leisure destinations. For example, he has several iconic casinos along the Las Vegas strip, including Caesars Las Vegas, MGM Grand and Venetian Resort Las Vegas.

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