Dividend Increase Announcement
On June 12th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per quarter from $0.226 to $0.2265. It is payable on July 15th for shareholders of record on June 28th. The new quarterly dividend represents an annualized dividend amount of $2.718 per share as compared to the current annualized dividend amount of $2.712 per share.
Realty Income Dividend Information
Annual Dividend: $2.718
Dividend Yield: 3.75%
Dividend Growth History: 23 years
Dividend Increase Effect On More Dividends
I am currently holding 27.388 shares of Realty Income. With this .2% increase, it will add $0.16 to my Projected Annual Dividend Income.
Nothing has changed with my position in Realty Income. I have been letting the dividends reinvest and compound on themselves. The yield has actually went down some since their last increase. Until the share price comes down to my cost basis I will continue to hold the stock and let it continue to compound on itself. Once the price comes down though, I would love to be able to add onto this 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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