Are you on the lookout for dependable income stocks to enhance your investment portfolio? Dividend Aristocrats – firms renowned for maintaining at least 25 years of consistent dividend growth – present some of the best opportunities for investors seeking stability and reliable payouts. Here are three compelling Dividend Aristocrats that could be worthy additions to your portfolio this month.
Chubb Ltd (NYSE:CB) is a major player in the global insurance sector, operating in 54 countries. The company offers a wide variety of insurance products ranging from commercial and personal property insurance to supplemental health and life insurance. As of now, Chubb rewards its shareholders with a quarterly dividend of $0.91 per share, translating to an annualized dividend of $3.64 and a yield of approximately 1.3%. Although Chubb’s yield is modest compared to others, its impressive reputation as a Dividend Aristocrat, boasting 30 years of dividend increases, makes it a strong contender. With a recent 5.8% hike in February, Chubb is set to continue its tradition of dividend growth in 2024.
Next, we have Essex Property Trust (NYSE:ESS), one of the leading owners and operators of apartment communities in the United States. By mid-2023, Essex managed 255 apartment communities housing over 62,000 units in prime West Coast markets. The company currently offers a quarterly dividend of $2.45 per share, equating to an annual dividend of $9.80 and yielding roughly 3.15%. Essex stands out as a top dividend grower in its sector with a remarkable history, having increased its annual dividend for 29 consecutive years, coupled with a 6.1% rise earlier this year.
Lastly, consider NNN REIT, Inc. (NYSE:NNN), which specializes in owning and managing high-quality retail properties across the United States. The REIT holds a diversified portfolio of 3,548 properties that span convenience stores, car washes, restaurants, and drugstores, encompassing over 36 million square feet of leasable space. NNN REIT currently pays a quarterly dividend of $0.58 per share, leading to an annual payout of $2.32 and a yield of approximately 4.8%. The company proudly boasts a track record of 34 consecutive years of dividend increases. Following a 2.7% hike this past July, it is poised to celebrate its 35th consecutive year of growth in 2024.
In today’s high-interest-rate environment, income-seeking investors are discovering lucrative opportunities not only through dividend stocks but also via private market real estate investments. This trend is reshaping how retail investors can capitalize on substantial yields. For instance, EquityMultiple’s Ascent Income Fund focuses on stable income derived from senior commercial real estate debt. Remarkably, it has delivered a historical distribution yield of 12.1% backed by tangible assets. With flexible liquidity options and payment priority, it’s emerging as a top investment choice for those seeking to maximize returns.
As rates rise, don’t miss the chance to explore high-yield investment opportunities that could transform your portfolio. By considering these Dividend Aristocrats and staying informed about potential yields in private real estate markets, you can position yourself for financial success in the months ahead.
Start exploring these opportunities now to ensure you’re getting the most out of your investments during this high-stakes financial climate. Whether through Dividend Aristocrats or alternative avenues, the right choices today may lead to substantial rewards in your financial future.