Federal Realty’s 105 properties include approximately 3,000 tenants in 24 million square feet and over 2,600 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 52 consecutive years, the longest record in the real estate investment trust industry.
Unitholders receive a 3.69% distribution. The price target on Federal Realty Investment Trust stock at Deutsche Bank is $143. The consensus target is lower at $134.53 but still well above Tuesday’s close at $114.97.
Kimberly-Clark
This consumer staples leader is another safe bet for nervous investors. Kimberly-Clark Corp. (NYSE: KMB) manufactures and markets personal care and consumer tissue products worldwide. It operates through the following three segments.
The Personal Care segment offers disposable diapers, swim pants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise and other brands.
The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins and related products under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve and other brands.
The K-C Professional segment offers wipers, tissues, towels, apparel, soaps and sanitizers under the Kleenex, Scott, WypAll, Kimtech and KleenGuard brands.
The company sells its household use products directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets, as well as through other distributors and e-commerce. It sells away-from-home use products directly to manufacturing, lodging, office building, food service and public facilities, as well as through distributors and e-commerce.
The dividend yield here is 3.48%. Jefferies has set a $146 target price, while the consensus target is $132.73. The final Kimberly-Clark stock trade on Tuesday was reported at $133.02.
It is possible that last week’s rally was a head fake, and Tuesday’s start to the week may be a tip-off. While it was a relief to many investors, the bottom line is that the tandem of inflation and the potential for a recession is not going away anytime soon. The best suggestion for investors is to stay in these safe big-dividend companies that all have a leading position in their respective sectors until the Federal Reserve lowers the inflation rate and sees enough stock market damage to stop raising rates. That could take six months or longer.
Originally posted at 24/7 Wall St.
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