Why Essex Property Trust's Dividend Has Grown for More Than 25 Years
Essex Property Trust (NYSE: ESS) is neither a high-profile operator in the real estate investment trust (REIT) world nor one of the more renowned Dividend Aristocrats. Yet the modest West Coast-based company has had a firm grip on its market for decades and has managed to boost its shareholder payout for nearly 30 years in a row.
These are both impressive feats, matched by very few of the many REITs on the market today. Let's take a look at how the company has managed to maintain its long winning streak.
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Source Fool.com
