Earn a 5.2% Dividend Yield from Target Stock Using This Hack

Target Corporation TGT stock is down nearly 15 percent over the past year, but that's not typical for this retail giant. 

Over the past five years, Target has returned approximately 101% to its investors. 

In addition to this growth, Target also pays a 3% annual dividend yield which equates to a $1.10 quarterly dividend. 

While that's a solid yield for a blue chip stock, it may not be the best way to invest in the company. 

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A Hack to Earn a 5.2% Yield from Target

Instead of buying Target at approximately $147/share and earning a 3% annual dividend yield, you can buy shares of Agree Realty Corporation ADC for $58. And with that comes a 5.2% annual dividend yield

Agree Realty Corporation is a real estate investment trust (REIT) that focuses on acquiring and developing properties net leased to industry-leading retail tenants, including the likes of Target, Costco, and Starbucks. 

The company typically invests in retail properties leased to tenants in various sectors, including automotive, consumer goods, and essential services, providing a diversified portfolio in terms of tenant base and geographic locations.

Its portfolio consists of 2,135 properties consisting of 44 million square feet. 

Agree Realty Corporation currently pays a monthly dividend of $0.247, which equates to  $2.964 per share annually. 

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