Dividend Increase – Realty Income ( O )
Dividend Increase Announcement
On March 14th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per month from $0.219 to $0.2195. It is payable on April 13th for shareholders of record on April 2nd. The new monthly dividend represents an annualized dividend amount of $2.634 per share as compared to the current annualized dividend amount of $2.628 per share.
Realty Income Dividend Information
This will mark the 22nd consecutive annual dividend increase. It will also mark the 573rd consecutive monthly dividend paid out to shareholders. Realty Income is currently offering a dividend yield of 5.12%.
Dividend Increase Effect On More Dividends
I currently am holding 10.045 shares of Realty Income. With this .2% increase it will only add $0.06 to my Projected Annual Dividend Income. It isn’t much but I appreciate every dividend increase that I receive.
Despite the small impact on my portfolio I still really like the company because they are one of the best monthly dividend paying stocks. If the share price drops below my cost basis I would definitely consider adding more to my position.
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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Hi Jason, Realty Income is one of my core holdings. I wanted to buy more when it was priced in the high 40’s, but didn’t have any spare cash in my IRA where I hold it. Dividends are accumulating now and I’m hoping for another dip to pick some up. Tom
Tom from Dividends Diversify recently posted…The Dividend Deep Dive
Yeah a dip would be nice. I am hoping to see it drop to the high 40s too because I would love to add some more as well. Thanks for stopping by.
Well its an increase, so we hould be gratefeful for great and small 🙂
I own 23 shares, so jay!
I agree with you. Any increase is a good increase.
Thanks for sharing! I have a few shares of $O, I’m planning on adding more to average down.
The FED is predicting 3 interest increase this year faster increase next year, there will be a lot more buying opportunities ahead, I think. 🙂 in the meanwhile 5.xx% dividend is awesome!
Yeah, there will be more coming this year so I plan to average down too. Thanks for stopping by!