Want More Income? Invest Your Money in This Dividend King
Working more hours to improve your salary and/or starting a side hustle are two ways to earn more income. But both require you to trade time in order to earn more money. That's why passive income -- money you don't have to actively work for -- can be a more productive use of an investor's time.
Dividend stocks can be fantastic passive income streams. Not only do they tend to provide consistent income, but that income can grow over time and help hedge against inflation. Federal Realty Investment Trust (NYSE: FRT) offers a great example of a growing dividend stock. The company increased its dividend payout annually for 55 straight years, earning it the title of Dividend King.
Federal Realty's stock price is down 27.4% so far this year, despite its strong earnings and its excellent dividend track record. Let's take a closer look at why Federal Realty Investment Trust could be a great way to earn more income today.
Source Fool.com
