Realty Income hikes dividend by 0.2%
Realty Income (O) will raise its monthly dividend by another 0.2 percent to $0.2270 per share in the third quarter of 2019. Earlier this year the real estate investment trust already raised its monthly dividend three times. Including this latest dividend hike the dividend is up 2.7 percent in 2019.
The next dividend is payable on October 15, 2019 to shareholders of record as of October 1, 2019. This is the 103rd dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2019.
The new monthly dividend represents an annualized dividend amount of $2.724 per share as compared to the current annualized dividend amount of $2.718 per share and yields 3.6% at a stock price of $74.86.
"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 103rd increase since our company's public listing in 1994. With the payment of the October dividend, we will have made 591 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 next dividend is payable on October 15, 2019 to shareholders of record as of October 1, 2019. This is the 103rd dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2019.
The new monthly dividend represents an annualized dividend amount of $2.724 per share as compared to the current annualized dividend amount of $2.718 per share and yields 3.6% at a stock price of $74.86.
"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 103rd increase since our company's public listing in 1994. With the payment of the October dividend, we will have made 591 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.