Friday, May 17th the Board of Directors of Realty Income Corporation (O) announced a monthly dividend increase of from $0.2570 to $0.2625 per share that’s payable June 14, 2024 to holders of record June 3, 2024. This represents a 2.14% increase over the last monthly dividend.
"Realty Income's mission is to provide stockholders with a dependable monthly dividend that grows over time," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This is the 107th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing and represents the 647th consecutive monthly dividend throughout our 55-year operating history."
With current price $54.98 (today's open), this raise brings their dividend yield to 5.73%.
Realty Income is a Dividend Champions with a 31 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.8, 3.0, 3.0 and 3.6 (Dividend Champions.xls)
Since I own 190 shares of Realty Income, this will increase my portfolio's projected annual net dividend income by $9.34.
This increase raises my Yield on Cost to 5.01%.
Summary of 2024 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long O
Thanks for stopping by!
No comments:
Post a Comment