Wednesday, January 15, 2020

Dividend Increase – Realty Income Corporation (O)



Yesterday, January 14, the Board of Directors of Realty Income Corporation announced a monthly dividend increase from $ 0.2275 to $ 0.2325 per share that’s payable February 14, 2020 to holders of record February 3, 2020. This represents a 2.20% increase to the last monthly dividend.

This is the 105th dividend increase since Realty Income's listing on the NYSE in 1994.

"The continued strength of our operating performance has allowed us to increase the dividend for the 105th time since our company's public listing in 1994," said Sumit Roy, President and Chief Executive Officer of Realty Income. "We continue to maintain a conservative payout ratio and remain committed to our company's mission of paying dependable monthly dividends that increase over time. With the payment of the February dividend, shareholders will realize a 3.1% increase in the amount of the dividend as compared to the same month in 2019."


With current price $ 74.96 (yesterday's close), this raise brings their dividend yield to 3.72 %.

Since I own 85 shares of Realty Income, this will increase my portfolio's projected annual net dividend income by $ 3.80.

This increase raises my YOC to 5.20%.


Summary of 2020 Dividend Increases / Cuts







Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long O

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