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Passive Income Gold Mine: Own This Many Getty Realty Shares for $20,000 Yearly
Yahoo Finance· 2026-01-06 14:50
Group 1 - High-quality, high-yield dividend stocks are essential for investors seeking steady income, with a focus on sustainable payouts and strong dividend growth track records [1] - Getty Realty (NYSE: GTY) is highlighted as a strong choice among high-yield dividend stocks, particularly for income investors [2] - Getty Realty is a leading publicly traded net lease REIT specializing in the acquisition, financing, and development of convenience, automotive, and single-tenant retail real estate, with a portfolio of 1,160 properties across the U.S. [3] Group 2 - Getty Realty generates considerable cash flow for investors, boasting a high forward dividend yield of 6.92% [4][7] - To generate $20,000 in annual income, an investment of approximately $288,865 in Getty Realty would be required, which is competitive compared to other high-yield dividend stocks [5] - The REIT has a strong dividend-growth track record, having increased its dividend for 12 consecutive years, with an average annual growth rate of 4% over the past five years [6][7] Group 3 - Despite trading sideways in recent years, Getty Realty has delivered solid long-term returns, gaining 6,482% since its IPO in 2005, indicating a potentially favorable buying opportunity [8]