Realty Income (O) Increases Their Dividend 0.2%
Dividend Increase Announcement
On December 11th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend per quarter from $0.227 to $0.2275. It is payable on January 15th for shareholders of record on January 2nd. The new quarterly dividend represents an annualized dividend amount of $2.73 per share as compared to the current annualized dividend amount of $2.724 per share.
Realty Income Dividend Information
Annual Dividend: $2.73
Dividend Yield: 3.61%
Dividend Growth History: 23 years
Dividend Increase Affect On More Dividends
I am currently holding 27.894 shares of Realty Income in the More Dividends portfolio. With this 0.2% increase it will add an additional $0.17 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Realty Income is a great company. I have been holding these shares for several years now. I would love to be able to add to this position but it would take a huge drop before the share price reaches my cost basis. Until then, I will continue to hold this position and let the compounds to continue to grow!
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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They don’t call themselves the monthly dividend company for nothing! You’ve got to love O and their multiple increases throughout the year. I looked back and this is the 32nd raise I’ve received from them. In total the dividend payout is 25% higher.
JC recently posted…One Piece At A Time | Week Ended 12/6/19