There are over 200 publicly traded real estate investment trusts (REITs), most of which pay dividends. However, one REIT stands above all the rest: Federal Realty Investment Trust (NYSE: FRT) . It has increased its dividend for 54 straight years, the longest streak in the REIT sector.
That qualifies it as a Dividend King , an elite group of less than 50 dividend-paying stocks that have increased their dividend for at least 50 consecutive years. Here's why dividend growth investors will want to take a closer look at this REIT .
Federal Realty is one of 20 publicly traded REITs focused on owning shopping centers. It's not the biggest in the group. The retail REIT currently has the third-largest market cap, behind Kimco Realty (NYSE: KIM) and Regency Centers (NASDAQ: REG) .
For further details see:
Why You Won't Want to Miss This Elite Dividend Stock