Investing in reliable income-generating stocks is a strategic move for those looking to build wealth over time. One category of stocks to consider are Dividend Aristocrats—corporations that have a demonstrated history of increasing their dividends for a minimum of 25 consecutive years. This consistent growth not only indicates stability but also offers investors the potential for steady income and long-term value appreciation. Let’s explore three noteworthy Dividend Aristocrats that are worth adding to your portfolio this October.
Essex Property Trust
Essex Property Trust (NYSE: ESS) is a prominent player in the real estate market, specializing in the ownership and management of apartment communities on the West Coast of the United States. As of mid-2024, the company boasts a diverse portfolio encompassing 255 apartment communities with over 62,000 units. Essex is celebrated for its exemplary commitment to shareholders, demonstrated by its quarterly dividend of $2.45 per share, translating to an impressive annual yield of approximately 3.4%. With a remarkable track record, Essex has consistently raised its dividends for 29 consecutive years, indicating strong financial health and reliable income for investors as it strives for a milestone 30th year of increases in 2024.
McDonald’s Corporation
McDonald’s (NYSE: MCD), the global leader in fast food, operates over 40,000 restaurants across more than 100 countries. With franchise ownership making up about 95% of its outlets, McDonald’s showcases a unique business model driven by local entrepreneurs. The company rewards its investors with a quarterly dividend of $1.77 per share, which adds up to an annual payout of $7.08—yielding around 2.3%. Though its yield may be less than some competitors, McDonald’s stands out for its remarkable dividend growth, having raised its payout for 47 consecutive years. The recent 6% increase further solidifies its status as a dependable investment for those seeking long-term income.
Federal Realty Investment Trust
Federal Realty Investment Trust (NYSE: FRT) specializes in owning and managing prime retail and mixed-use properties in some of the most dynamic markets in the United States, including New York City, Boston, and Miami. With a portfolio covering 102 properties and approximately 27 million square feet, Federal Realty consistently delivers value to its shareholders. The quarterly dividend stands at $1.10 per share, equating to an annualized amount of $4.40, which gives it a yield of around 4%. Notably, Federal Realty holds the prestigious title for the longest streak of dividend increases in the real estate investment trust (REIT) sector, having increased its annual payments for an astounding 57 consecutive years.
These Dividend Aristocrats not only provide a steady income stream but also reflect a resilience that can weather fluctuating markets. For investors seeking to enhance their portfolios, these stocks present an opportunity to capitalize on reliable income and long-term growth potential. Whether you’re looking for stability in uncertain times or aiming to boost your investment returns, these companies exemplify the kind of reliable stocks that deliver both growth and income.