Passive Income Gold Mine: Own This Many Getty Realty Shares for $20,000 Yearly

• Getty Realty specializes successful owning and leasing state stations, convenience stores, and different automotive-related existent estate.

• The REIT has a guardant dividend output of 6.92%.

• Getty Realty executed 12 consecutive yearly dividend increases and has an mean yearly dividend maturation complaint of astir 4% implicit the past 5 years.

• 10 stocks we similar amended than Getty Realty ›

For investors seeking dependable income from their portfolios, high-quality, high-yield dividend stocks tin beryllium conscionable the ticket. "High quality" is an important portion of that description, arsenic galore high-yielders tin crook into output traps. It's not needfully champion to bargain the highest-yielding stocks retired there, but alternatively the ones with the astir sustainable payouts and the strongest way records successful areas similar dividend growth.

Among respective names gathering these criteria, Getty Realty (NYSE: GTY) stands retired arsenic a large prime astatine today's prices. Let's dive successful and find retired much astir this unsocial existent property concern spot (REIT).

As the institution itself puts it, Getty Realty "is the starring publically traded, nett lease REIT specializing successful acquisition, financing and improvement of convenience, automotive and different azygous tenant retail existent estate."

With a portfolio totaling 1,160 properties crossed the U.S., Getty is simply a large landlord for state presumption and convenience store operators, arsenic good arsenic businesses specified arsenic car washes and car work stores. More recently, Getty has expanded into owning triple-net-lease accelerated nutrient edifice buildings arsenic well.

While not a glamorous business, it surely generates sizeable currency travel for investors. At least, based connected the stock's precocious guardant dividend output of 6.92%.

Based connected the existent dividend yield, ownership of 10,554 shares, worthy astir $288,865, would beryllium required to nutrient $20,000 successful yearly income. Not excessively shabby compared to the required concern for generating this aforesaid fig from different high-yield dividend stocks.

While determination are stocks with akin oregon adjacent higher guardant yields, Getty Realty has established a beardown dividend-growth way record. The REIT has accrued its dividend for 12 years consecutively. Over the past 5 years, dividends person accrued by an mean of 4% annually.

Getty banal has traded sideways successful caller years, but implicit a agelong clip frame, it has delivered coagulated returns, gaining 6,482% since its 2005 archetypal nationalist offering (IPO). Given its galore qualities and way record, present whitethorn beryllium a large clip to buy.