Dividend Increase Announcement
On June 14th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per month from $0.247 to $0.2475. It is payable on July 15th for shareholders of record on July 1st. The new monthly dividend represents an annualized dividend amount of $2.97 per share as compared to the current annualized dividend amount of $2.964 per share.
Realty Income Dividend Information
Annual Dividend: $2.97
Dividend Growth History: 27 years
Dividend Yield: 4.73%
Dividend Increase Effect
I am currently holding 37.671 shares of Realty Income stock in the More Dividends portfolio. With this 0.2% increase it will add an additional $0.22 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Current Stock Position
Realty Income is a great company with the a great history of increasing their dividends. They are by far the best monthly dividend payer that you van hold in your portfolio.
I have no intentions of selling this position anytime soon. I will continue to compound the dividend while I wait out buying opportunities so th at I can strengthen this position.
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
Recent Dividend Increases in Portfolio
Johnson & Johnson Increases Their Dividend by 6.6% in 2022
Southern Company Increases Their Dividend by 3% in 2022
Apple Increases Their Dividend by 5% in 2022
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