Realty Income has long been a staple for high-yield dividend growth investors and for good reason.
"The Monthly Dividend Company" has increased its payout for 77 straight quarters, including a very generous 6% hike in its latest announcement.
The company's growth engine continues to fire on all cylinders, and with shares pulling back from all-time highs, smaller dilution in the coming years promises continued strong payout growth.
Despite the threat of higher interest rates, Realty Income is better situated than most when it comes to generating strong shareholder returns in all kinds of economic/interest rate environments.
Best of all, with strong growth catalysts ahead of it, and a sharp correction in the last few months, shares are now finally worth buying again.
High-quality blue chip REITs such as Realty Income (NYSE:O) have had a spectacular run in this era of historically low interest rates. Thanks to yield-starved income investors piling into safe bond alternatives, its shares have not just crushed the overall market, but even most of REITs.