Investors who want to boost their yield while reducing risks in the stock market should consider real estate investment trusts (REITs). Here are three REITs to consider that not only have years of solid returns but have also raised their dividends each year for at least nine years, helping their investors keep up with rising prices over that span. As a bonus, each of these REITs is among the small group of REITs that pay monthly (instead of quarterly), adding to their appeal as a supplement to monthly Social Security payments.
Real estate investment trusts (REITs) are a great way to collect passive income. The average REIT currently offers a dividend yield of around 3%, double that of the average stock in the S&P 500. Three REITs that stand out as great options for those who want to start generating passive income in 2022 are Agree Realty (NYSE: ADC), SL Green (NYSE: SLG), and W.P. Carey (NYSE: WPC).
If your Social Security and pension benefits aren't providing enough retirement income, you might want to look into finding investments that can supply steady income without undue risk and that will help you keep pace with inflation. Real estate investment trusts (REITs) can be a good choice here. Here are two REITs whose past records and current strategies point to their ability to keeping growing their dividend and their share price.