Down Over 10%, This Elite High-Yield Dividend Stock Is a Great buy for Passive Income Right Now

Shares of Federal Realty Investment Trust (NYSE: FRT) have slumped more than 10% over the past year. One silver lining of its sell-off is that its dividend yield has risen and is now over 4.5%. Given its elite track record of paying dividends, the real estate investment trust (REIT) looks like a great buy for passive income right now. Federal Realty Investment Trust has increased its quarterly dividend for 57 straight years. That's the longest record in the REIT sector. It qualifies Federal Realty as an elite Dividend King, a company with 50 or more years of annual dividend increases. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool