Back on March 14th Realty Income Corporation announced its 96th dividend increase since it listed on the NYSE in 1994. I first purchased Realty Income Corp in January so I was quite happy when I heard the announcement.
What is Realty Income Corp?
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 568 consecutive common stock monthly dividends throughout its 48-year operating history and increased the dividend 93 times since Realty Income’s public listing in 1994 (NYSE: O). The company has in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology, and capital markets capabilities.
Dividend
With this raise the dividend increases to 21.95 cents from 21.90 cents.
Income
I currently own 47 shares of the company so my income will increase by $0.03 per month or $0.36 annually.
Hopefully this will be the first of many raises from Realty Income Corp. Congrats to all my fellow shareholders as well.
Thanks
Matthew
Small raise, but a raise none the less! Cheers 🙂
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Absolutely true I will gladly take that 36 cents 😀 thanks for stopping by.
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I love how you celebrate all of these! Congrats!
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Thanks Penny, I’m always happy to celebrate when stocks want to pay me more 🙂
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Winning!
Congrats matt
Cheers
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Thanks 🙂
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Hey Matthew,
Realty Income is one of favorite companies – rock solid and the dividend raises keep on coming like clockwork. Right now i think O is fairly valued again and if i have extra cash at hand i’ll add to my position of 250 shares.
Keep it up over there!
DividendSolutions
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Hey buddy thanks, I agree with you about O’s valuation, I wish I had some extra cash to add to my 47 shares. Thanks for stopping by 🙂
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You’re on the good track of dividend raises. Cheers!!
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Thanks buddy 🙂
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Nice, $0.36! Celebrate the small wins because it’s closer to not having to work again! 🙂
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That is true. Big or small I’m always happy to receive a raise from one of my investments.
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