Digital Realty (DLR): A Tech REIT Benefiting From E-Commerce And Growing Dividends 12 Straight Years
Digital Realty Trust (DLR) is a fast-growing real estate
investment trust (REIT) that has raised its dividend every year since going
public in 2004.
While the company is still far from having a long enough
dividend growth history to qualify as a member of the dividend aristocrats
list, it has numerous attractive qualities for investors seeking income and
growth.
Digital Realty is a direct beneficiary of the rapidly
growing use of data by businesses and consumers alike. As the data center
business continues booming, the company is positioned to continue rewarding
investors with rising dividends.
Let’s take a closer look at Digital Realty to see if this
quality REIT can keep pace with the evolving technology landscape and whether
or not its stock looks attractive today.
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