Dividend Kings List by Yield: Top 10 Stocks

6. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of November 11: 4.03%

Federal Realty Investment Trust (NYSE:FRT) is a Maryland-based real estate investment trust company that mainly invests in shopping centers and other entertainment properties. In Q3 2022, the company posted revenue of $273.4 million, which showed a 10.6% growth from the same period last year. Its cash position remained stable as the company had over $146.2 million in cash and cash equivalents and its total assets amounted to over $8.2 billion.

Federal Realty Investment Trust (NYSE:FRT) holds the longest dividend growth track record in the REIT sector. It has been growing its payouts consistently for the past 55 years, which places it as one of the best dividend stocks on our list. Currently, it pays a quarterly dividend of $1.08 per share for a dividend yield of 4.03%, as of November 11.

In November, Mizuho maintained a Buy rating on Federal Realty Investment Trust (NYSE:FRT) with a $109 price target. The firm expressed concerns about occupancy rates post-pandemic but mentioned that companies can benefit through leasing spreads and embedded rents.

At the end of Q2 2022, 24 hedge funds tracked by Insider Monkey owned stakes in Federal Realty Investment Trust (NYSE:FRT), up from 23 in the previous quarter. These stakes have a consolidated value of nearly $200 million.