Dividend Increase Announcement
On March 15th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per month from $0.2465 to $0.247. It is payable on April 15th for shareholders of record on April 1st. The new monthly dividend represents an annualized dividend amount of $2.964 per share as compared to the current annualized dividend amount of $2.958 per share.
Realty Income Dividend Information
Annual Dividend: $2.964
Dividend Growth History: 27 years
Dividend Yield: 4.43%
Dividend Increase Effect
I am currently holding 37.266 shares of Realty Income stock in the More Dividends portfolio. With this 0.2% increase it will add an additional $0.23 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Current Stock Position
There is nothing that I can say about this company that hasn’t been said before. Great company which has consistently paid and increased their dividend. There is a good reason why they are known as The Monthly Dividend Company.
I love the company and intend to hold this position forever. Would love the opportunity to add to this position but I will just have to be patient and wait for the right buying opportunity.
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
Genuine Parts Increases Their Dividend by 10% in 2022 !!!
Coca Cola Increases Their Dividend by 10% in 2022 !!!
Walmart Increases Their Dividend by 2% in 2022 !!!
Be sure and follow me on your favorite social media platform:
If you would like to receive an email whenever I publish a new article: