Realty Income $O (+1,22%) announces 128th dividend increase

Realty Income Corporation has announced an increase in its monthly common stock cash dividend to 26.40 cents per share after previously paying 26.35 cents.

This is the 128th dividend increase since listing on the NYSE in 1994 and will be paid on January 15 to shareholders of record as of January 2, 2025. The latest dividend rate represents an annualized amount of $3.168 per share, compared to the previous rate of $3.162.

Based on the company's share price of US$55.78 on December 10, the latest increase results in a dividend yield of 5.68%.

Although the latest dividend increase represents only a small increase over the previous dividend, this is the 654th consecutive monthly dividend payout in the company's 55-year history.

Solid dividend payouts are the biggest incentive for investors to invest in real estate investment trusts (REITs) and Realty Income is committed to growing the wealth of its shareholders.

Zidem has rightfully earned Realty Income's trademark as "The Monthly Dividend Company" and has achieved average annual dividend growth of 4.2% with 109 consecutive quarterly dividend increases since its listing on the NYSE.