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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