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!
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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