Dividend Aristocrats Ranked By Yield: Top 10

5. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of June 25: 4.34%

Federal Realty Investment Trust (NYSE:FRT) ranks fifth on our list of the best dividend aristocrat stocks. The American real estate investment trust company mainly invests in shopping centers and other entertainment properties. The company follows a different business approach compared to its peers. Unlike some of its competitors who aim to amass large property portfolios, Federal Realty Investment Trust (NYSE:FRT) prioritizes quality over quantity. As of the end of March 2024, the company maintains ownership of only 102 properties. However, these properties are highly attractive. It strategically acquires properties in and around major metropolitan areas characterized by substantial population density and high incomes. This has several benefits for the company. For example, during the pandemic, while many properties faced occupancy challenges, it received inquiries from tenants seeking to relocate from nearby locations to secure space within its properties.

Federal Realty Investment Trust (NYSE:FRT)’s strong performance in early 2024 is highlighted by achieving its highest first-quarter leasing volume ever, with over 566,000 square feet of comparable retail space leased. Moreover, the company successfully finalized leases for approximately 190,000 square feet of office space at its premier mixed-use destinations during the quarter. This demand highlights the company’s position as a leader in the shopping center industry.

In addition to maintaining a strong portfolio, Federal Realty Investment Trust (NYSE:FRT) has established an impressive track record of dividends. The company offers a quarterly dividend of $1.09 per share and has boosted its payouts for 56 consecutive years. With a dividend yield of 4.34% as of June 25, FRT is one of the best dividend aristocrat stocks on our list.

As of the end of the March quarter of 2024, 22 hedge funds in Insider Monkey’s database owned stakes in Federal Realty Investment Trust (NYSE:FRT), which remained unchanged from the previous quarter. The consolidated value of these stakes is over $244 million.