Like Dividends? This Stock Just Increased Its Payout for the 50th Year in a Row

Like Dividends? This Stock Just Increased Its Payout for the 50th Year in a Row

Federal Realty Investment Trust (NYSE: FRT) is one of the oldest real estate investment trusts, or REITs, and invests in shopping center properties located in seven major U.S. markets. Not only does the stock pay an above-average 3.2% dividend yield, but the company has increased its dividend payment every year for five decades.

Thanks to headwinds in the retail sector, as well as general REIT weakness, the stock is down by 20% over the past year. Here's an overview of Federal Realty Investment Trust's business and why now might be a smart time to add this long-term winning stock to your portfolio while it's trading at a discount.

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Source: Fool.com