Dependable Dividend Stocks: Federal Realty Investment Trust (FRT)
Dividend Yield: 2.8%
YTD Gain: 12%
At around 3%, the dividend yield from Federal Realty Investment Trust (FRT) isn’t going to blow anyone away — but that’s not the point for long-term investors … especially in dividend stocks.
The key to this REIT is that FRT stock has paid a dependable and rising dividend for at least two decades.
Plus, Federal Realty Investment Trust’s fourth-quarter results matched Wall Street’s forecast, and the company hiked its full-year outlook. FRT’s portfolio of first-class shopping centers is doing well, as better-off consumers feel the urge to spend. To that end, FRT started the year by buying out two upscale shopping centers in New Jersey — The Grove at Shrewsbury and Brook 35 — for $161 million. That should help FRT continue to be one of the most reliable dividend stocks out there.