Meet the Dividend King Stock That Yields Quadruple the S&P 500. Here's Why It's a Buy Now.
For investors seeking stability and portfolio income, this venerable REIT is in a class of its own.
Overview
The S&P 500 (SNPINDEX: ^GSPC) currently has a dividend yield of around 1%. Investing in the S&P 500 via index funds has historically produced solid long-term total returns, but for income investors, it's not necessarily the right vehicle for their specific objectives.
However, don't assume you need to trade stability for yield. Among Dividend Kings, or stocks with 50 years or more of consecutive dividend growth, there are stocks yielding considerably more than the market index.
Details
A prime example of this is with Federal Realty Investment Trust (NYSE: FRT). Currently trading for around $116 per share, this real estate investment trust (REIT) has a nearly 4% forward dividend yield, practically quadruple that of the S&P 500.
Source
Originally published at www.fool.com.