On Friday, shares of Broadstone Net Lease Inc (BNL) yielded over 7% based on its quarterly dividend of $1.12, with stock prices dipping as low as $15.77 throughout the day. This dividend yield is significant, as historically, dividends have played a major role in the total returns of investors.
For context, an investment in the iShares Russell 3000 ETF (IWV) on May 31, 2000, showed a minimal decrease in share value over twelve years, but dividends collected increased the total return to 13.15%. Broadstone is part of the Russell 3000, one of the largest indices in the U.S. stock market, further emphasizing its potential attractiveness for dividend-seeking investors.
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