Dividend Increase Announcement
On January 14th, Realty Income announced a dividend increase of 2.2%. This will increase their dividend per quarter from $0.2275 to $0.2325. It is payable on February 14th for shareholders of record on February 3rd. The new quarterly dividend represents an annualized dividend amount of $2.79 per share as compared to the current annualized dividend amount of $2.73 per share.
Realty Income Dividend Information
Annual Dividend: $2.79
Dividend Yield: 3.81%
Dividend Growth History: 23 years
Dividend Increase Affect On More Dividends
I am currently holding 27.98 shares of Realty Income in the More Dividends portfolio. With this 3.1% increase it will add an additional $1.67 to my projected annual dividend income and this doesn’t even take into account the compounding factor! This additional amount to my projected annual dividend income is one of my favorite numbers that I get to see. This is simply because I know as my PADI gets larger then my money is doing more of the work then I am! After all that is what FI is all about!
Realty Income is a great company. I have been holding these shares for several years now. I would love to be able to add to this position but it would take a huge drop before the share price reaches my cost basis. Trust me though, once it gets down around my cost basis I will definitely be a potential buyer.
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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