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Looking for reliable income stocks to add to your portfolio this month? Dividend Aristocrats – companies with at least 25 consecutive years of dividend growth – offer some of the most attractive opportunities due to their stability and consistent payouts.
Let’s take a look at three Dividend Aristocrats, including two real estate investment trusts (REITs), that you can buy today.
Take a look:
Chubb BV
Fatty (NYSE:CB) is a leading global insurance company with operations in 54 countries and territories. It offers a broad range of insurance products, including commercial and personal property insurance, personal accident and supplemental health insurance and life insurance.
Chubb currently pays a quarterly dividend of $0.91 per share, which equates to an annual dividend of $3.64 per share and yields approximately 1.3% at the time of writing.
While Chubb’s yield is low compared to other dividend payers, it makes up for it with its status as a dividend aristocrat. It has increased its annual dividend payment for 30 years in a row, and February’s 5.8% hike puts it on track to mark its 31st consecutive year of increases in 2024.
Essex Real Estate Trust
Essex Real Estate Trust (NYSE:ESS) is one of the largest owners and managers of apartment communities in the United States. As of June 30, the portfolio consisted of 255 apartment communities with more than 62,000 apartment units in select West Coast markets.
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Essex currently pays a quarterly dividend of $2.45 per share, which equates to an annual dividend of $9.80 per share and yields approximately 3.15% at the time of writing.
In addition to its high yield, Essex is one of the biggest dividend growers in the property sector. It has increased its annual dividend payment for 29 years in a row, and the 6.1% increase in February means that 2024 will mark its 30th consecutive year of increases.
NNN REIT, Inc.
NNN REIT, Inc. (NYSE:NNN) owns and manages high-quality retail properties in 49 states, including convenience stores, car washes, restaurants and drug stores. As of June 30, the company’s portfolio consisted of 3,548 properties in 49 states with more than 36 million square feet of gross leasable area.
NNN REIT currently pays a quarterly dividend of $0.58 per share, which equates to an annual dividend of $2.32 per share and yields approximately 4.8% at the time of writing.
NNN REIT has the third-longest streak of annual dividend increases in the real estate sector. The streak currently stands at 34 consecutive years of increases, and the 2.7% increase in July will mark the 35th consecutive year of increases in 2024.
Looking for opportunities with higher returns?
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This article 3 Dividend Aristocrats Yielding Up to 4.8% to Buy in September originally appeared on Benzinga.com
