Realty Income Hits 136th Dividend Increase Milestone with Modest 0.2% Hike
Realty Income has increased its monthly dividend for the 136th time since it went public in 1994. The latest increase is modest, at 0.2%, but the REIT's consistent track record of growing its dividend payout has earned it a reputation as a reliable income investment.
The REIT's high-quality real estate portfolio and stable rental income from long-term leases with major companies like FedEx, Home Depot, and Walmart provide a solid foundation for its financial stability. With a conservative dividend payout ratio and access to capital through partnerships, Realty Income has the resources it needs to continue investing in new properties.
At $61 per share, Realty Income yields 5.3% at its current price. If you invested $6,100 in 100 shares, your monthly dividend income would be $27.15.