3 Dividend Aristocrats Yielding Up To 4.8% To Buy In September
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Are you looking for reliable income stocks to add to your portfolio this month? Dividend Aristocrats – companies with at least 25 consecutive years of dividend growth – offer some of the most compelling opportunities due to their stability and consistent payouts.
Let’s check out three dividend aristocrats, including two real estate investment trusts (REITs), that you could buy today.
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Chubb Ltd
Chubb (NYSE:CB) is a leading global insurance company in 54 countries and territories. It provides a wide range of insurance products, including commercial and personal property insurance, personal accident and supplemental health insurance, and life insurance.
Chubb currently pays a quarterly dividend of $0.91 per share, which equates to an annualized dividend of $3.64 per share and gives it a yield of about 1.3% at the time of this writing.
While Chubb’s yield is low compared to other dividend payers, it makes up for this with its status as a dividend aristocrat. It has raised its annual dividend payment for 30 consecutive years, and its 5.8% hike in February has it on track for 2024 to mark the 31st consecutive year with an increase.
Essex Property Trust
Essex Property Trust (NYSE:ESS) is one of the United States’ largest owners and managers of apartment communities. As of June 30, its portfolio comprised 255 apartment communities containing over 62,000 apartment units across select West Coast markets.
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Essex currently pays a quarterly dividend of $2.45 per share, which equates to an annualized dividend of $9.80 per share and gives it a yield of about 3.15% at the time of this writing.
In addition to its high yield, Essex is one of the top dividend-growers in the real estate industry. It has raised its annual dividend payment for 29 consecutive years, and its 6.1% hike in February has it on track for 2024 to mark the 30th consecutive year with an increase.
NNN REIT, Inc.
NNN REIT, Inc. (NYSE:NNN) owns and manages high-quality retail properties across 49 states, including convenience stores, car washes, restaurants, and drugstores. As of June 30, its portfolio comprised 3,548 properties in 49 states containing over 36 million square feet of gross leasable area.
NNN REIT currently pays a quarterly dividend of $0.58 per share, which equates to an annualized dividend of $2.32 per share and gives it a yield of about 4.8% at the time of this writing.
NNN REIT has the third-longest streak of annual dividend increases in the real estate industry. Its streak currently stands at 34 consecutive years of increases, and its 2.7% hike in July has it on track for 2024 to mark the 35th consecutive year with an increase.
Looking For Higher-Yield Opportunities?
The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.
For instance, the Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).
Don’t miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga’s favorite high-yield offerings.
This article 3 Dividend Aristocrats Yielding Up To 4.8% To Buy In September originally appeared on Benzinga.com
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