Dividend Increase Announcement
On February 18th, Realty Income announced a dividend increase of 2.4%. This will increase their dividend from $0.2485 to $0.2545. It is payable on March 15th for shareholders of record on March 1st. The new dividend represents an annualized dividend amount of $3.05 per share as compared to the current annualized dividend amount of $2.98 per share.
Realty Income Dividend Information
Annual Dividend: $3.05
Dividend Growth History: 29 years
Dividend Yield: 4.65%
Dividend Increase Effect
I am currently holding 48.941 shares of Realty Income stock in the More Dividends portfolio. With this 2.4% increase it will add an additional $3.52 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 $2,435.63
As you can see my grand total has declined since I last reported. Unfortunately, Store Capital went private that gave me some fresh capital to invest but that also took a portion of my dividend income as well.
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
Realty Income has been a consistent earner for me. It has been in my portfolio for many years now. I have enjoyed holding the position because the dividend does get paid every month so I have really been getting to see the position compound over time.
I would love to be able to add to this position but currently the share price is higher than my cost basis. So for now, I will continue to hold this position and allow it to compound.
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
Pfizer Increases Their Dividend by 2.5% in 2022
Realty Income Increases Their Dividend by 0.2% One More Time in 2022
Archer Daniels Midland Increases Their Dividend by 12.5% in 2023
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