Our latest featured high-yield buy is a real estate investment trust that acquires, owns, operates, and manages large-scale data facilities throughout the United States, explains Mark Skousen, editor of High-Income Alert.

Based in Washington, DC, DuPont Fabros Technology (DFT) leases these wholesale data centers to global tech companies to house, power, and cool the computer servers that support their critical business operations. It also provides consulting services to these tenants.

Why did the company organize as a REIT? This way it can avoid the corporate income tax.

However, it must distribute at least 90% of its net income to shareholders in the form of dividends. That creates an attractive yield of 5.6%. And, by law, that dividend will rise as net income grows.

And there are good reasons to believe it will grow. In the most recent quarter, earnings increased 34% on a 15% increase in revenue. Operating margins here are a whopping 39%. And insiders own 11.5% of the outstanding shares.

With a market cap of just $1.5 billion, this is a relatively small company. But it isn’t likely to remain one.

Well-known industry powerhouses—including Microsoft, Yahoo, and Facebook—already entrust DFT to provide continuous power, cooling, and monitoring of their business processes. That kind of client list creates instant credibility with prospective customers.

I see net income hitting $1.20 a share this year and as much as $1.50 in 2015. As earnings rise, so should the share price—and so will the dividend. So pick up DuPont Fabros Technology and place a protective stop at $19.

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