This High-Yield Dividend Stock's 37-Year Streak of Dividend Increases Makes It a Lifetime Passive Income Machine
NNN REIT has the third-longest dividend growth streak in the REIT sector.
Overview
NNN REIT (NYSE:NNN) extended its dividend growth streak to 37 consecutive years earlier this summer. That's the third-longest streak among real estate investment trusts (REITs), which is quite impressive considering that there are around 180 publicly traded REITs. At its current dividend rate and share price, NNN REIT yields 5.6%, which is well above the S&P 500's 1% yield and the 4% average in the REIT sector.
The high dividend REIT is in a strong position to continue growing its payout, making this passive income machine a stock you'll want to hold for a lifetime.
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Source
Originally published at www.fool.com.
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