Realty Income Increases Their Dividend by 0.2% in 2021
Dividend Increase Announcement
On March 16th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per quarter from $0.2345 to $0.235. It is payable on April 15th for shareholders of record on April 1st. The new quarterly dividend represents an annualized dividend amount of $2.82 per share as compared to the current annualized dividend amount of $2.814 per share.
Realty Income Dividend Information
Annual Dividend: $2.82
Dividend Yield: 4.41%
Dividend Growth History: 27 years
Dividend Increase Effect On More Dividends
I am currently holding 35.738 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
Realty Income keeps coming through with these consistent dividend increases. They are small but they are a plenty.
I have been holding this stock for years and it has just be compounding to a larger amount. I would love to add to this position if the cost gets back below my cost basis.
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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You’ve got to love The Monthly Dividend Company. I’m hopeful that we’ll see a larger bump later this year since they didn’t announce the bigger raise in January. That was disappointing for sure.
JC recently posted…Net Worth Update – February 2021
AGNC and Realty Income have different types of risk. Realty Income has a lot of credit risk, which is the risk that the tenants cannot pay their rent. If Realty Income’s tenants cannot pay, the REIT still has to cover its interest payments. On the other hand, AGNC Investment’s portfolio is comprised primarily of government-guaranteed mortgage-backed securities. This means that if the borrower cannot make its mortgage payments, the government will ensure that AGNC is still paid its principal and interest. That said, a lack of credit risk doesn’t mean that AGNC has no risk. Its business model entails interest rate risk and liquidity risk. These issues caused AGNC Investment to suffer big losses and to cut its dividend during the spring. When the economy is lousy, AGNC benefits since interest rates stay low. When the economy improves, interest rates will rise, which means a tougher environment for AGNC.Â