Top 10 High Dividend Companies To Watch For 2015

Top 10 High Dividend Companies To Watch For 2015: Getty Realty Corp (GTY)

Getty Realty Corp. is a real estate investment trust (REIT) in the United States specializing in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals. The Company's properties are located in 21 states across the United States with concentrations in the Northeast and the Mid-Atlantic regions. Its properties are operated under a variety of brands, including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. It owns the Getty trade name in connection with its real estate and the petroleum marketing business in the United States. As of December 31, 2011, Getty Petroleum Marketing Inc. was in possession of 797 properties representing approximately 69% of its 1,149 owned and leased properties. As of December 31, 2011, the Company owned 996 properties and leased 153 properties. Nine of the properties it owns is petroleum distribution terminals. In January 2011, it acquired fee or leasehold title to 59 Mobil-branded gasoline station and convenience store properties and also took a security interest in six other Mobil-branded gasoline stations and convenience store properties in a sale/leaseback and loan transaction with CPD NY Energy Corp. (CPD NY), a subsidiary of Chestnut Petroleum Dist. Inc. In may 2013, the Company acquired 36 properties located in the metro New York and Washington, D.C. Beltway. The acquisition includes 16 Mobil branded properties in metro New York, and 13 Exxon and 7 Shell branded properties within the Washington, D.C. Beltway.

The Company leases or sublets approximately 20 of its properties for such uses as fast food restaurants, automobile sales and other retail purposes. The Company leases or sublets its properties primarily to distributors and retailers engaged in the sale of gasoline and other mot! or fuel products, convenience store products and automotive repair services who are responsible for managing the operations c onducted at these properties and for the payment of taxes, m! aintenance, repair, insurance and other operating expenses related to these properties. The operators of its properties are primarily distributors and retailers engaged in the sale of gasoline and other motor fuel products, convenience store products, and automotive repair services.

Advisors' Opinion:

• [By Rich Duprey]

  Real estate investment trust Getty Realty (NYSE: GTY  ) will pay a second-quarter dividend of $0.20 per share, the same rate it paid last quarter after it increased it 60% from $0.125 per share, the company announced yesterday.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-high-dividend-companies-to-watch-for-2015-2.html