Dividend Achievers List Ranked By Yield: Top 10

9. Digital Realty Trust, Inc. (NYSE:DLR)

Dividend Yield as of December 19: 4.81%

Digital Realty Trust, Inc. (NYSE:DLR) is a California-based real estate investment trust company that invests in carrier-neutral data centers. Deutsche Bank gave a positive stance on the sector heading into 2023. Given this, the firm raised its price target on the stock in December to $115 with a Buy rating on the shares.

At the end of September, Digital Realty Trust, Inc. (NYSE:DLR) had roughly $177 million available in cash and cash equivalents, compared with $99.2 million in June. The company’s strong position allowed it to pay $10 million in dividends during the third quarter of 2022. Moreover, it generated $1.2 billion in revenue in Q3, up 4.4% from the same period last year.

On November 30, Digital Realty Trust, Inc. (NYSE:DLR) declared a quarterly dividend of $1.22 per share, which fell in line with its previous dividend. The company has raised its dividends for 17 years in a row, which places it as one of the best dividend stocks on our list. As of December 19, the stock has a dividend yield of 4.81%.

As of the close of Q3 2022, 29 hedge funds tracked by Insider Monkey owned stakes in Digital Realty Trust, Inc. (NYSE:DLR), worth $486 million collectively.

Baron Funds mentioned Digital Realty Trust, Inc. (NYSE:DLR) in its Q2 2022 investor letter. Here is what the firm has to say:

“Digital Realty Trust, Inc. is a premier global data center REIT with more than 290 data centers and more than 4,000 customers. It maintains an investment grade balance sheet. The company is currently valued at only 20 times cash flow (EBITDA) versus several recent private data center transactions that were completed at 25 times to 30 times cash flow.”