Dividend Increase Announcement
On March 18th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per quarter from $0.2325 to $0.233. It is payable on April 15th for shareholders of record on April 1st. The new quarterly dividend represents an annualized dividend amount of $2.796 per share as compared to the current annualized dividend amount of $2.79 per share.
Realty Income Dividend Information
Annual Dividend: $2.796
Dividend Yield: 5.07%
Dividend Growth History: 24 years
Dividend Increase Effect On More Dividends
I am currently holding 28.242 shares of Realty Income in the More Dividends portfolio. With this 0.2% increase it will add an additional $0.16 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Realty Income was one of the first stocks that I bought. It was also one of the first stocks that I sold.
Since then I have been holding the position very steady. It has been compounding and I have no intentions of selling it anytime soon. I know that they will be heavily affected by the coronavirus but I also know that they are a very well run company who has persevered through other panics and crisis.
With the share price so close to my cost basis it is a very good candidate to have its position strengthened. If we look at the market though, there are a lot of candidates for that. Only time will tell if I decide to add at these levels.
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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