One of The S&P 500's Top-Yielding Dividend Stocks Just Hiked Its Payout Again
Key PointsMost of the best dividend-paying investments are built from the ground up to generate reliable recurring income.
Realty Income, an S&P 500 (GSPC) REIT, has raised its dividend for the 116th consecutive quarter, marking 29 years of quarterly hikes. This income-generating holding boasts a forward-looking yield of 6%, making it attractive to investors seeking reliable income growth. Realty Income owns 15,500 properties, primarily in the retail sector, with top tenants including Dollar General, Tractor Supply, Home Depot, and 7-Eleven.
The company's occupancy rate consistently exceeds 98%, demonstrating resilience in the retail industry. Despite retail's challenges, Realty Income is diversifying into data center businesses, which also benefit from REIT tax advantages. Investors should view O shares as an income and income-growth investment, though they may experience price fluctuations due to interest rate changes.
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