Realty Income (O) will raise its monthly dividend by 4.2 percent to $0.246 per share. This is the 4th dividend hike by the REIT in 2021 and marks the 27th consecutive year of dividend increases by O. 

The next Realty Income dividend will be paid on December 15, 2021 to shareholders of record on December 1, 2021.The next ex-dividend date is November 30, 2021.

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).