Looking for Safe Income? This Stock Raised Its Dividend in the Last 7 Recessions.
What exactly does a safe dividend look like? One example is Federal Realty (NYSE: FRT), which has increased its dividend annually for 55 years, giving it the longest streak of dividend increases in the real estate investment trust (REIT) sector. It's worth taking a moment to think about those 55 years before you dig into the REIT's actual business.
Federal Realty is a retail REIT, which was not a great place to be for investors in 2020. In some ways it feels like forever, but just three and half years ago the world was in a state of fear because of the fast-spreading coronavirus pandemic. In an attempt to slow the spread of the illness, nonessential businesses were shut down, people were asked to work from home if possible, and social distancing was the norm. Federal Realty was having trouble collecting rent from some of its tenants, but there was one thing it didn't shy away from -- dividend increases.
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Source Fool.com
