This High-Yield Dividend Stock Continues to Show Why It's a Phenomenal Passive Income Investment

Agree Realty is boosting its 2024 growth outlook.Agree Realty (ADC -0.69%) has a lot to offer income-seeking investors. The real estate investment trust (REIT) currently has a more than 4% dividend yield, putting it several times higher than the S&P 500's 1.3% yield. Investors get that income more frequently than other dividend stocks since Agree Realty makes monthly payments instead of quarterly ones. On top of all that, the retail property owner has a strong record of increasing its payment, with a 5.7% c ...