Want Safe Income? This Stock Raised Its Dividend in the Last 8 Recessions
Talk of a recession this year or next may quiet a bit as inflation cools, but the prospect always remains, and if one does occur, appreciation for companies that provide a safe and steady flow of income will likely once again grow.
And that could make this a particularly good time to look at stocks that have outstanding records in that regard and may be selling at a particularly nice price. A good place to start would be Federal Realty Investment Trust (NYSE: FRT).
According to the Federal Reserve, there have been eight recessions since 1968. It defines a recession as a decline in gross domestic product over two or more quarters. Federal Realty has raised its dividend every year during that time, earning this real estate investment trust (REIT) membership in the exclusive club of Dividend Kings, companies that have bumped up their payouts for at least 50 straight years.
Source Fool.com
