Dividend Increase Announcement
On December 13th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend from $0.28 to $0.2485. It is payable on January 13th for shareholders of record on January 3rd. The new dividend represents an annualized dividend amount of $3.42 per share as compared to the current annualized dividend amount of $3.36 per share.
Realty Income Dividend Information
Annual Dividend: $3.42
Dividend Growth History: 28 years
Dividend Yield: 4.60%
Dividend Increase Effect
I am currently holding 48.57 shares of Realty Income stock in the More Dividends portfolio. With this 0.2% increase it will add an additional $0.29 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,418.41
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
Realty Income has held a position in my portfolio since almost the very begining. I bought it early on but I was still very new to investing. I started listening to the talking heads about the fears surrounding the fed possibily raising interest rates for the first time in many years. Clearly, we are in a very different environment today because we have gotten use to the fed constantly raising rates.
If you are unsure, let me help you out. I am talking around 2015 or 2016. With those fears in the market I decided to sell my original position in Realty Income.
After selling my shares I sat on the sidelines for a year or more and watched the share price continue to go up.
Sometime had passed but finally the share price dropped back to what I considered to be a reasonable price so I decided to open a new position in Realty Income.
Since that time I have reinvested all of my dividends plus added to the position once or twice.
With a great company like this, I have no intentions of ever selling the stock. I will continue to be patient and to wait for buying opportunities so that I can strengthen the position.
Realty Income is definitetly the best REIT that I hold in my portfolio and don’t see that changing anytime soon!
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
Exxon Mobil Increases Their Dividend by 3.4% in 2022
Emerson Electric Increases Their Dividend by 1% in 2022
Pfizer Increases Their Dividend by 2.5% in 2022
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