On Wednesday, February 19th the Board of Directors of Realty Income Corporation (O) announced a monthly dividend increase of from $0.264 to $0.268 per share that’s payable March 14, 2025 to holders of record March 3, 2025. This represents a 1.52% increase over the last monthly dividend and a 4.48% increase paid a year ago. This is the 129th dividend increase since Realty Income's listing on the NYSE in 1994.
At the current price of $57.31 (yesterday's close), this increase will raise Realty Income's dividend yield to 5.61%.
Realty Income Corporation is a Dividend Champions with a 32 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.4, 3.3, 2.9 and 3.6 (Dividend Champions.xls)
As an owner of 190 shares of Realty Income Corporation, the recent dividend increase adds $6.79 to my projected annual net dividend income.
This increase meets my expectations, and I’m happy with the continued consistent growth. Realty Income remains a solid monthly dividend payer, reinforcing the stability of my passive income stream.
The moment of writing, O’s weight of my portfolio is about 1.38% and its share of future annual dividend income is approximately 1.77%.
Following this increase, my yield on cost is 5.12%.
Summary of 2025 Dividend Increases / Cuts
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You can follow the development of my dividends here.
Full Disclosure: Long O
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