FRI’s dividend fell 10% last year, but here’s why income investors shouldn’t panic

First Trust S&P REIT Index Fund (NYSEARCA:FRI) tracks the S&P United States REIT Index and passes through rental cash flow from roughly 140 publicly traded landlords. FRI paid out $0.8155 per share across four quarterly distributions in 2025, and shareholders rely on it for a yield that meaningfully exceeds the S&P 500. With the 10-year ... FRI’s dividend fell 10% last year, but here’s why income investors shouldn’t panic