Realty Income Increases Their Dividend by 0.2% in 2021


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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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