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1 Magnificent Dividend Stock Down 40% to Buy and Hold Forever
REXRRexford Industrial Realty(REXR) The Motley Fool·2024-08-25 06:12

This REIT is down materially from its 2022 highs, but it continues to operate at a high level as it benefits from a unique regional focus. Rexford Industrial (REXR 1.60%) is offering a 3.3% dividend yield today, which is more than twice the yield of the S&P 500 index. It has increased its dividend annually for a decade and at a rapid pace of more than 10% a year. The stock is still 40% below the highs reached in 2022, despite continued strong operating performance. Here's why you might want to buy this real ...