Got $1,000? Here's 1 Great Stock to Buy and Hold

Is cash burning a hole in your pocket as you try to find a good dividend stock in today's market? It's no easy task, with the S&P 500 index still up near record highs (despite recent volatility). But there's one worthy name that has rewarded investors through thick and thin. In fact, it's almost always a good time to add W.P. Carey (NYSE: WPC) to your portfolio. Here's why.

This won't surprise you, but 2020 was a very difficult year for landlords. However, W.P. Carey sailed right through the pandemic-related turbulence. The worst it got for the real estate investment trust (REIT) was when it collected 96% of the rents it was owed in May of last year. Today it's basically collecting all of its rents. Given this backdrop, it shouldn't be shocking to learn that the dividend was increased in every quarter of 2020 and again in each of the first three quarters of 2021.

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Source Fool.com