In an era where financial stability is paramount, exploring avenues for reliable passive income has become increasingly crucial. One often overlooked option is earning dividends from government-operated properties.Here’s how: a real estate investment trust (REIT) that specializes in owning and managing properties leased exclusively to government agencies. Let’s dig in.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 tenant agencies, including the Federal Bureau of Investigation, Department of Defense, Drug Enforcement Administration, National Parks Service, and Social Security Administration.Don’t Miss: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% at the time of this writing.Easterly has also raised its annual dividend five times since its initial public offering in 2015. This makes it both a high-yield and dividend-growth play.Read Next:Story continuesImage 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 Government Using This Hack originally appeared on Benzinga.com© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Earn Passive Income From the Government Using This Hack
