This Dividend Stock Survived the Last Market Crash, and It Can Beat the Next One
There's an old Wall Street saying that trees don't grow to the sky, basically warning that good things always come to an end. That's important to keep in mind when you invest, because you want to own stocks that can handle the bad times as well as the good ones. One name that stands out for weathering market storms is Federal Realty (NYSE: FRT). Here's why conservative dividend investors should love it.
The pandemic upended the market in 2020, sending the S&P 500 Index into a quick bear market. The retail sector was hit particularly hard, given that the government effectively shut large swaths of the economy. Social distancing added further complications for stores. Federal Realty, a real estate investment trust (REIT), was right in the thick of it, given that its strip malls and mixed-use developments all have material retail components.
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Source Fool.com
