Realty Income Tops the List of S&P 500 Stocks with a Yield Above 5%
Realty Income is one of only a handful of S&P 500 stocks that yield over 5%.
The REIT has a stellar tenant list, comprising essential retailers such as Walmart and Home Depot. It's also diversifying into new categories, including gaming and data centers, which presents a significant opportunity for growth.
Realty Income owns nearly 16,000 properties worldwide and grows by acquiring new properties and smaller REITs. The company is well-capitalized with a diverse range of funding sources and is highly selective about its investments.
The REIT pays its dividend monthly, which is an unusual perk, and it has raised it for the past 115 quarters. Despite its solid performance, Realty Income's stock remains off its pre-pandemic high due to market sentiment against real estate stocks.