Down 30%, This Dividend King Could Be a Perfect Buy Right Now

Income investors favor dividend stocks because they can be tremendous wealth builders when held for the long haul. But high-quality, consistent dividend payers aren't as common as you may think.

That's why Dividend Kings -- those rare companies that have increased their payouts annually for 50 consecutive years or more -- are so appealing. They have long track records of generating passive income for investors.

Of the 44 stocks on the list of Dividend Kings, Federal Realty Investment Trust (NYSE: FRT) is the only real estate investment trust (REIT), which makes it extra attractive for those looking for portfolio diversification. And with the stock down 30% from its 52-week high, it could be a perfect long-term buy right now.

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Source Fool.com