Safe 5.8%-Yield From This REIT's Preferred Stock

Preferred stocks are underrated income vehicles, produce high-quality and reliable dividend income. This preferred stock is MUCH less volatile (i.e. risky) than the REIT's common stock. I discuss the pros and cons of an investment in this preferred stock layer. An investment in the Series I yields 5.82 percent.

Digital Realty Trust, Inc.'s (DLR) preferred stocks are an attractive alternative to the REIT's common shares. The Series I preferred stock is a promising income vehicle in my opinion that is set to produce reliable dividend income in the coming years. Importantly, the preferred shares are a much less volatile choice for income investors that are primarily concerned with principal safety. An investment in the preferred stock discussed in this article throws off a 5.82 percent yield.

Source: Seeking Alpha

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