Realty Income Corp Announces 618th Consecutive Monthly Dividend
Realty Income Corp (NYSE:O) has positioned itself as “The
Monthly Dividend Company.” For dividend hogs who would rather get paid monthly
than quarterly, O stock makes a lot of sense. It doesn’t matter what’s going on
in the world; one thing investors can rely on is that this dividend stock will
pay them each and every month.
What “The Monthly Dividend Company” motto doesn’t quite get
across is that the real estate investment trust (REIT) also raises its dividend
on a regular basis. In fact, Realty Income Corp stock has paid dividends in 618
consecutive months, and its dividend has increased 114 times since the stock
went public on the New York Stock Exchange in 1994. (Source: “114th Common
Stock Monthly Dividend Increase Declared by Realty Income,” Realty Income Corp,
December 15, 2021.)
Even better, its dividend has increased in the last 96
consecutive quarters. Most recently, on December 15, 2021, Realty Income Corp
declared an increase in its monthly common dividend from $0.246 to $0.2465 per
share, for a yield of 4.1%.
“As we approach the end of 2021, I’m pleased that our Board
of Directors has once again determined that Realty Income can increase the
amount of the monthly dividend,” said Sumit Roy, president and CEO. “This will
be our 114th dividend increase since 1994 and is in line with our mission to
invest in people and places to deliver dependable monthly dividends that
increase over time.” (Source: Ibid.)
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