Federal Realty Investment Trust (FRT 0.21%) is the only real estate investment trust (REIT) that's a Dividend King, which means it has raised its dividend annually for at least 50 years. It's an exclusive cadre of stocks that are hyper reliable.
The REIT just raised its dividend for the 58th time consecutively. If you invest $10,000 in the stock, how much can you actually make in passive income annually?
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Federal Realty is one of the oldest REITs on the market, and with 58 years of consecutive dividend increases, it has a proven track record of providing passive income for investors. The company owns 102 mixed-use properties focused on retail in affluent areas, and it generates growth through higher lease rates and new properties.
NYSE: FRT
Key Data Points
At the current price, the dividend yields a high 3.7%, which is very attractive, especially for a Dividend King. Dividend Kings are prized for their dependable passive income, but their yields aren't always high.
A $10,000 investment gets investors 81 shares at the current price, and Federal Realty's dividend pays $1.13 per share quarterly, or $4.52 per share annually. That's only $366.12 in annual dividend payouts, which underscores why it's so important to save and invest over time. Ten thousand dollars invested in a dividend stock isn't anywhere near enough to support a retiree, but an investment in Federal Realty Trust can be an excellent component of a larger retirement portfolio.
