A Resilient 5% Yielding Stock with 35 Years of Dividend Growth

NNN REIT (NYSE: NNN) has built an impressive track record when it comes to paying dividends. This real estate investment trust (REIT), which focuses on retail properties, first increased its dividend back in 1990. Since then, it hasn't missed a beat, achieving 35 consecutive years of dividend growth.

This achievement is particularly remarkable given that it has occurred during four economic recessions. Typically, companies become more cautious during downturns, often halting dividend increases or even reducing payouts to preserve cash. However, only two other REITs and fewer than 80 publicly traded companies have managed to reach this milestone. Let’s explore what has enabled NNN REIT to maintain its 5% yield and consistently raise its dividends, and why this upward trend is likely to continue.

A Strategy Built for Stability and Long-Term Growth