The Overlooked Dividend Stock That Has Grown Its Payout for 12 Straight Years

Key Points The real estate investment trust is hyperfocused on infill industrial properties in Southern California. Rexford's dividend yield, at its current price, is 4.52%. The company has raised its dividend for 12 consecutive years. These 10 stocks could mint the next wave of millionaires › Shares of Rexford Industrial Realty (NYSE: REXR) are down more than 1% this year. The real estate investment trust (REIT) focuses strictly on Southern California infill industrial properties: warehouses, distribution facilities, and light manufacturing buildings located inside densely populated markets, where the land is almost fully developed. The stock is overlooked because it is a mid-cap stock, with a market cap of $8.