Dividend Kings List: Top 15

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5. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of December 3: 3.85%

Federal Realty Investment Trust (NYSE:FRT) is a real estate investment trust company, based in Maryland, US. The company mainly invests in shopping centers and other entertainment properties. Currently, the company pays a quarterly dividend of $1.10 per share and has a dividend yield of 3.85%, as of December 3. Its dividend growth streak spans over 56 years, which makes FRT one of the best dividend kings on our list. The stock is popular among investors because of its long dividend growth history and attractive yield.

Operating as a typical REIT, Federal Realty Investment Trust (NYSE:FRT) distinguishes itself with a unique approach. Instead of focusing on a large property portfolio, it emphasizes quality. By September 2024, it owned just 102 properties, all situated in highly sought-after areas. Federal Realty strategically acquires properties in major metropolitan regions with dense populations and high-income demographics. This strategy has been advantageous, particularly during the pandemic, when it attracted tenants relocating from nearby locations to occupy spaces in its premium sites, avoiding the occupancy struggles faced by many others. The stock has surged by nearly 9% since the start of 2024.

Federal Realty Investment Trust (NYSE:FRT) posted third-quarter 2024 revenue of $303.3 million, reflecting a 6% increase compared to the same period last year and exceeding analysts’ expectations by $1.85 million. The company finalized 126 leases for 580,977 square feet of comparable retail space, resulting in a 14% rise in cash-based rents and a 26% increase on a straight-line basis. Net income available to common shareholders grew to $58.9 million, up from $55 million in the previous year.

Federal Realty Investment Trust (NYSE:FRT) was included in 36 hedge fund portfolios at the end of Q3 2024, growing from 24 in the previous quarter, according to Insider Monkey’s database. The stakes held by these hedge funds have a collective value of nearly $302 million.

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