8 Most Profitable Dividend Stocks To Buy Now

4. Essex Property Trust, Inc. (NYSE:ESS)

Net Profit Margin: 45.72%

Essex Property Trust, Inc. (NYSE:ESS) is an American real estate investment trust company, headquartered in California. In the fourth quarter of 2024, the company reported a revenue of $452 million, reflecting a 7.9% increase compared to the same period last year. The company’s core Funds from Operations (CFFO) per diluted share reached $3.92, a 2.3% rise from the previous year, driven by strong same-property revenue growth.

Essex Property Trust, Inc. (NYSE:ESS) is popular among investors as the company continues to focus on high-demand coastal markets, where it has benefited from above-average rent growth. The company also leverages external growth opportunities and partnerships to acquire apartment communities.

For the full year of 2024, Essex Property Trust, Inc. (NYSE:ESS) generated cash proceeds of $108.8 million. By year-end, it had $1.3 billion in available liquidity, which included cash, cash equivalents, and marketable securities. On February 20, the company announced a 4.9% increase in its quarterly dividend to $2.57 per share, marking the 30th consecutive year of dividend growth. The stock supports a dividend yield of 3.79%, as of April 6.