Realty Income As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
O $3.07 3.0% 0.8% 5.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Commercial REIT 6.1% 29 3.0% Monthly 1994
Realty Income hikes dividend by 0.2%

Realty Income (O) will raise its monthly dividend by another 0.2 percent to $0.2275 per share in the third quarter of 2019. Earlier this year the real estate investment trust already raised its monthly dividend four times. Including this latest dividend hike the dividend is up 2.9 percent in 2019.

The next dividend is payable on January 15, 2020 to shareholders of record as of January 2, 2020. A new annualized dividend amount of $2.73 per share yields 3.6% at a stock price of $75.42.

"We remain committed to our company's mission of paying dependable monthly dividends to our shareholders that increase over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 104th increase since our company's public listing in 1994. With the payment of the January dividend, we will have made 594 consecutive monthly dividend payments throughout our 50-year operating history."

Realty Income Corporation is a real estate investment trust (REIT) with properties owned under long-term lease agreements with regional and national commercial tenants. The company has tenants active in 48 segments, including Apparel, Automotive tire services, Beverages, Child care, Convenience stores, Dollar stores, Drug stores, Financial services, Food processing, Grocery stores, Health and fitness, Health care, Home improvement, Restaurants-casual dining, Restaurants-quick service, Sporting goods, Theaters, Transportation services and Wholesale club. The company's biggest tenants include Walgreens, 7-Eleven, FedEx, LA Fitness, AMC Theaters and Dollar Tree (including Family Dollar Stores).