Earn a 5.79% Dividend Yield from DaVita Stock Using This Hack

DaVita Inc. DVA is one of the world's top providers of dialysis services and integrated health care management services. 

While its stock has climbed nearly 100% over the past five years, something is missing: dividend payouts.

Even without dividends, DaVita is a reasonable growth stock for value investors to consider. However, if you're an income investor, you're left out in the cold. 

Fortunately, there's an option for you to consider.

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A Hack to Earn a 5.79% Yield from DaVita

Instead of buying DaVita and missing out on dividend payments, you can buy Four Corners Property Trust, Inc. FCPT. Four Corners Property Trust is a real estate investment trust engaged in the ownership, acquisition, and leasing of restaurant and retail properties.

In June of 2022, it announced the acquisition of a DaVita Kidney Care property for $2.2 million in Kansas. The property is occupied under a net lease with roughly six years of term remaining. 

Moving forward, the company plans to bolster its portfolio by acquiring additional real estate to lease, on a net basis, with a primary focus on the restaurant and retail verticals. 

Four Corners pays an annual dividend of $1.38 and has increased (or held steady) its quarterly payout for the past eight years. 

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