Realty Income Corporation (O) will raise its monthly dividend by another 0.2 percent to $0.247 per share in Q1 of 2022. This comes after 5 small increases in 2021 by the Dividend Aristocrat. Realty Income has raised its monthly dividend for 28 years in a row if 2022 is included.
The next O dividend is payable on April 15, 2022 to shareholders of record as of April 1, 2022. This is the 115th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for for the next O dividend is March 31, 2022. The dividend yield for Realty Income is 4.4% at a stock price of $67.45.
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).
2023