Realty Income hikes dividend by 2.2%
Realty Income Corporation (O) will raise its monthly dividend by 2.2 percent to $0.2325 per share in the first quarter of 2020. This follows five small dividend hikes by the REIT in 2019 for a total increase of 2.9 percent.
The next dividend is payable on February 14, 2020 to shareholders of record as of February 3, 2020. A new annualized dividend amount of $2.79 per share yields 3.8% at a stock price of $75.
"The continued strength of our operating performance has allowed us to increase the dividend for the 105th time since our company's public listing in 1994," said Sumit Roy, President and Chief Executive Officer of Realty Income in today's press release. "We continue to maintain a conservative payout ratio and remain committed to our company's mission of paying dependable monthly dividends that increase over time. With the payment of the February dividend, shareholders will realize a 3.1% increase in the amount of the dividend as compared to the same month in 2019."
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).
The next dividend is payable on February 14, 2020 to shareholders of record as of February 3, 2020. A new annualized dividend amount of $2.79 per share yields 3.8% at a stock price of $75.
"The continued strength of our operating performance has allowed us to increase the dividend for the 105th time since our company's public listing in 1994," said Sumit Roy, President and Chief Executive Officer of Realty Income in today's press release. "We continue to maintain a conservative payout ratio and remain committed to our company's mission of paying dependable monthly dividends that increase over time. With the payment of the February dividend, shareholders will realize a 3.1% increase in the amount of the dividend as compared to the same month in 2019."
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).