Realty Income Increases Their Dividend by 5.1% in 2021
Dividend Increase Announcement
On November 11th, Realty Income announced a dividend increase of 5.1%. This will increase their dividend per quarter from $0.236 to $0.246. It is payable on December 15th for shareholders of record on December 1st. The new quarterly dividend represents an annualized dividend amount of $2.952 per share as compared to the current annualized dividend amount of $2.832 per share.
Realty Income Dividend Information
Annual Dividend: $2.952
Dividend Yield: 3.97%
Dividend Growth History: 27 years
Dividend Increase Effect
I am currently holding 36.742 shares of Realty Income in the More Dividends portfolio. With this 5.1% increase it will add an additional $4.41 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Current Stock Position
When I first began investing, Realty Income was one of the first stocks that I purchased. I held the stocks for about 6 months to a year and then I made the unforgivable mistake.
As I stated, I was still new at investing and all of the talking heads had begun talking about the Fed raising interest rates. I held off for a bit but after awhile I finally decided to go ahead and sell my position before the interest rates went up.
Sadly, after I sold, I watched the stock soar to new highs. I had to be very patient and wait for the price to come back down but eventually it did. So I decided to start building a new position in Realty Income.
I am a lot wiser now and would never sell because I let the talking heads scare me into it.
So, I have been picking and choosing good times to add to this position with no intentions of ever selling them. The company is fabulous and they continue to increase their dividend, which I absolutely love. The fundamentals changing of the company would be the only reason that I would want to sell the stocks and I don’t see that happening 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
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You’ve got to love Realty Income. I suspected after the Vereit merger closed we’d see a bigger raise and I hope to see another follow on raise within the next few months maybe with the January announcement/February pay date.
JC recently posted…It’s A Digital World, Analog Devices Is Just Living In It