0.2% Dividend Increase from Realty Income (O)

Dividend Increase Announcement

On March 13th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per quarter from $0.2255 to $0.226. It is payable on April 15th for shareholders of record on April 1st. The new quarterly dividend represents an annualized dividend amount of $2.712 per share as compared to the current annualized dividend amount of $2.70 per share.

Realty Income Dividend Information

Annual Dividend: $2.712
Dividend Yield: 3.8%
Dividend Growth History: 23 years

Dividend Increase Effect On More Dividends

I am currently holding 27.127 shares of Realty Income. With this .2% increase, it will add $0.16 to my Projected Annual Dividend Income.

Conclusion

I remember when I started this position. I made a couple of buys in a short period of time. Each purchase lowered my cost basis a little bit more. Since then the share price of Realty Income has continued to go up. So while I have a nice position in Realty Income currently, I won’t be looking to add to it anytime soon. It would take a huge drop in the share price.

Until that price goes down, I will hold this position and let it continue to compound on itself.

Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Realty Income? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com

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