15 Best Dividend Aristocrat Stocks with Over 3% Yield

3. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of March 29: 4.54%

Federal Realty Investment Trust (NYSE:FRT) ranks third on our list of the best dividend aristocrat stocks. The American real estate investment trust company mainly invests in shopping centers and entertainment properties. Its absolute focus has always remained on quality over quantity. As of December 2024, the company has 102 properties with approximately 3,500 tenants.

In the fourth quarter of 2024, Federal Realty Investment Trust (NYSE:FRT) reported revenue of $311 million, which showed a 6.7% growth from the same period last year. However, the revenue missed analysts’ estimates by $576,000. The company’s funds from operations (FFO) available to common shareholders per diluted share came in at $6.77, up from $6.53 in 2023. Its operating income for the quarter grew to $109.3 million, from $108.8 million in the prior-year period.

Federal Realty Investment Trust (NYSE:FRT)’s competitive edge lies in the fact that it mainly targets properties in major metropolitan regions with high population densities and well-to-do demographics. This strategy remained beneficial, especially during the pandemic, when tenants tried to seek better locations. The stock surged by nearly 21% between March and December 2020.

Federal Realty Investment Trust (NYSE:FRT) offers a quarterly dividend of $1.10 per share and has a dividend yield of 4.54%, as of March 29. The company has been growing its payouts for 57 consecutive years, holding the longest record in the REIT industry.