Realty Income Increases Their Dividend by 0.2% in 2020 Again


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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!

Conclusion

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





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