Realty Income Increases Their Dividend by 0.2% in 2020 Again
Dividend Increase Announcement
On December 9th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per quarter from $0.233 to $0.2345. It is payable on January 15th for shareholders of record on January 4th. The new quarterly dividend represents an annualized dividend amount of $2.814 per share as compared to the current annualized dividend amount of $2.796 per share.
Realty Income Dividend Information
Annual Dividend: $2.814
Dividend Yield: 4.66%
Dividend Growth History: 24 years
Dividend Increase Effect On More Dividends
I am currently holding 35.323 shares of Realty Income in the More Dividends portfolio. With this 0.2% increase it will add an additional $0.21 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
It is always great to receive dividend increases even if they are small. Realty Income tends to make small increases numerous times throughout the year.
The company is solid with rent collection rates back up since the beginning of the pandemic.
I will continue to hold this position and allow the dividends to keep compounding.
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
Be sure and follow me on your favorite social media platform:
MoreDividendsdotcom on Facebook
@MoreDividends on Twitter
If you would like to receive an email whenever I publish a new article:
Love the “Monthly Dividend Company”! Absolutely wonderful business and top notch management.
JC recently posted…Dividend Update – November 2020
I love this company. I am looking to add more in my portfolio.
Kiddies Dividend recently posted…My dividend earnings in November 2020