1 Amazing and Completely Overlooked Dividend Stock
National Retail Properties (NYSE: NNN) has an amazing dividend track record. The real estate investment trust (REIT) has increased its payout for an incredible 33 straight years. That would easily qualify it as a Dividend Aristocrat. However, National Retail Properties isn't on that elite list because it's not a member of the S&P 500 Index.
That's likely causing some income investors to completely overlook the company. Here's a closer look at why dividend seekers won't want to miss out on this underappreciated REIT.
National Retail Properties is a retail REIT, focused on owning single-tenant, freestanding properties leased to national and regional retail tenants. It focuses on tenants less susceptible to the threat of e-commerce. The REIT also concentrates on selective non-investment-grade tenants because it can get better pricing and rent growth.
Source Fool.com
