Why This Restaurant REIT's 4% Dividend Is Safe
A 4% dividend yield is hard to come by, and many real estate investment trusts (REITs) are on shaky ground in 2020 due to poor tenant health. However, Four Corners Property Trust (NYSE: FCPT) not only has an attractive dividend yield, but the dividend is safe and likely to grow.
Four Corners Property Trust is a REIT that primarily focuses on the acquisition and leasing of restaurant properties. The company was founded in 2015 when it was spun off from Darden Restaurants, the company that operates restaurant chains including Olive Garden, LongHorn Steakhouse, and Yard House.
Source Fool.com
