Dividend Increase Announcement
On December 12th, Realty Income announced a dividend increase of .2%. This will increase their dividend per quarter from $0.2205 to $0.221. It is payable on January 15th for shareholders of record on January 2nd. The new quarterly dividend represents an annualized dividend amount of $2.652 per share as compared to the current annualized dividend amount of $2.646 per share.
Realty Income Dividend Information
Annual Dividend: $2.652
Dividend Yield: 4.00%
Dividend Growth History: 22 years
Dividend Increase Effect On More Dividends
I am currently holding 26.857 shares of Realty Income. With this .2% increase it will add $0.43 to my Projected Annual Dividend Income.
This is a small increase but it has a hidden impact on my portfolio because this dividend is paid monthly. That means the increase will be able to compound slightly faster than if it was paid quarterly. I am definitely excited about anything that will help me build up my snowball even faster.
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 Realt 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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