CTO Realty Growth (CTO) offers a high yield of 8.6% with strong payouts, attracting investors seeking passive income. The REIT owns and manages retail properties in fast-growing U.S. markets, focusing on essential businesses for stable cash flow. CTO’s leasing activity is robust, with new leases signed above portfolio average, driving rental income. The REIT’s portfolio is well-leased and occupied, with signed leases set to boost performance. CTO’s strategic acquisitions and leasing deals position it for growth despite economic uncertainties. Analysts recommend a “Strong Buy” on CTO stock, which pays a quarterly dividend of $0.38 per share, making it an appealing income stock.

Read more at Yahoo Finance: Seeking Passive Income? This ‘Strong Buy’ Dividend Stock Yields 8.6%.