Earn Passive Income from the U.S. Government With These 2 Stocks
In today’s financial landscape, investors are exploring avenues for passive income, and real estate investment trusts (REITs) have emerged as a compelling option.
Let's delve into two REITs that specialize in owning and managing properties leased to U.S. government agencies and contractors.
Easterly Government Properties
Easterly Government Properties (NYSE:DEA) owns and manages a portfolio of 90 properties in 26 U.S. states containing approximately 8.9 million leased square feet. Its properties are leased to 40 different government agencies, including the FBI, DEA, Department of Defense, National Parks Service, and Social Security Administration.
Easterly currently pays a quarterly dividend of $0.265 per share, equating to an annualized dividend of $1.06 per share and giving its stock a yield of about 9.15% at today's levels.
Easterly has also raised its annual dividend five times since its initial public offering in 2015, making it a reliable source of dividend growth on top of its hefty yield.
Don't Miss:
Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
COPT Defense Properties
COPT Defense Properties (NYSE:CDP) owns or has ownership interests in a portfolio of 190 properties consisting of 21.7 million square feet that support key U.S. Government defense installations and defense contractors. Its largest tenants include the U.S. Government, General Dynamics, Boeing, CACI International, and Booz Allen Hamilton.
COPT currently pays a quarterly dividend of $0.285 per share, equating to an annualized dividend of $1.14 and giving its stock a yield of about 4.7% at today's levels.
COPT can be considered a very reliable source of income as it has paid a quarterly dividend of at least $0.275 per share since 2012.
Read Next:
Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.
Image Credit: Shutterstock
"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!
Get the latest stock analysis from Benzinga?
This article Earn Passive Income from the U.S. Government With These 2 Stocks originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
