These 4 Stocks Raised Their Dividends By Up To 10% In August

On Aug. 5, SPG raised its dividend by 2.5%. The company now pays a quarterly dividend of $2.05 per share, equating to an annualized dividend of $8.20 per share and giving its stock a 5% yield at the time of this writing.

This dividend increase marked the 11th time SPG has raised its dividend since 2021, making SPG one of the most attractive dividend-growth stocks in the retail REIT industry.

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Federal Realty Investment Trust

Federal Realty Investment Trust FRT is a REIT focused on retail and mixed-use properties in the United States. As of June 30, it owned 102 properties containing approximately 27 million square feet across major markets, including Boston, Chicago, Miami, New York City, Philadelphia, and Washington, D.C.

On Aug. 1, Federal Realty raised its dividend by 0.9%. The company now pays a quarterly dividend of $1.10 per share, equating to an annualized dividend of $4.40 per share and giving its stock a 3.8% yield at the time of this writing.

Incredibly, this dividend increase marked the 57th consecutive year in which Federal Realty raised its dividend, the longest consecutive record in the REIT industry.

Terreno Realty Corporation

Terreno Realty Corporation TRNO is a REIT focused on industrial properties in the United States. As of June 30, its portfolio comprised 292 industrial buildings, excluding nine properties under development or redevelopment, containing approximately 18.1 million square feet. 

On Aug. 7, Terreno raised its dividend by 8.9%. The company now pays a quarterly dividend of $0.49 per share, equating to an annualized dividend of $1.96 per share and giving its stock a 2.9% yield at the time of this writing.

Terreno has raised its annual dividend payment every year since its initial public offering in 2011, so 2024 will mark the 13th consecutive year with an increase.

Better Yields Than Some REITs?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through REITs.

Arrived Homes, the Jeff Bezos-backed investment platform has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

As long-term rates go down and short-term rates stay high, there’s a unique chance to invest in fix & flip loans before yields drop. Check out Benzinga's favorite high-yield offerings.