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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 because of their stability and consistent payouts.
Let’s take a look at three dividend aristocrats, including two real estate investment trusts (REITs), that you could buy today.
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Essex Property Trust
Essex Property Trust (NYSE:ESS) owns and manages apartment complexes on the West Coast of the United States. As of June 30, the portfolio consisted of 255 apartment communities with more than 62,000 apartment units.
Essex pays a quarterly dividend of $2.45 per share, which equates to an annualized dividend of $9.80 per share and gives its stock a yield of around 3.4% at the time of writing.
Essex has been a Dividend Aristocrat for years. It has increased its annual dividend payout for 29 years in a row, and February’s 6.1% increase puts it on track for 2024, its 30th straight year of increase.
McDonald’s Corporation
McDonald’s (MCD) is the world’s largest foodservice retailer, with more than 40,000 locations in more than 100 countries. The company proudly notes that independent local entrepreneurs own and operate approximately 95% of its restaurants.
McDonald’s pays a quarterly dividend of $1.77 per share, which equates to an annualized dividend of $7.08 per share and gives its stock a yield of about 2.3% at the time of writing.
While its yield may be less than 3%, McDonald’s makes up for this with its impressive track record of dividend growth. It has increased its annual dividend payout for 47 years in a row, and September’s 6% increase marked its 48th straight year of increase.
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Federal Real Estate Investment Trust
Federal Real Estate Investment Trust (NYSE:FRT) owns and manages retail and mixed-use properties in major U.S. markets, including Boston, Chicago, Miami, New York City and Philadelphia. As of June 30, the portfolio consisted of 102 properties with an area of ​​approximately 27 million square meters.
Federal Realty pays a quarterly dividend of $1.10 per share, which equates to an annualized dividend of $4.40 per share and gives its stock a yield of about 4% at the time of writing.
Federal Realty has the longest consecutive record of dividend growth in the REIT sector. The country has increased its annual dividend payout every year for the past 56 years, and August’s 0.9% increase marked the 57th consecutive year of increase.
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This article Dividend Aristocrats to Buy in October: 3 Stocks for Steady Growth and Income originally appeared on Benzinga.com
