Realty Income raises dividend for third time in 2021
|Realty Income is a Dividend Aristocrat
Dividend Aristocrat Realty Income will raise its quarterly dividend for the third time in 2021 with a new 0.2 percent increase. The commercial REIT will hike its monthly dividend to $0.236 per share.
The dividend is payable on October 15, 2021 to shareholders of record as of October 1, 2021. This is the 112th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2021. The new monthly dividend represents an annualized dividend amount of $2.832 per share as compared to the current annualized dividend amount of $2.826 per share.
"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 112th increase since our company's public listing in 1994. With the payment of the October dividend, we will have made 615 consecutive monthly dividend payments throughout our 52-year operating history."
Realty Income is a Dividend Aristocrat, having raised its dividend for more than 25 consecutive years. If we include the two small increases announced by O earlier in 2021 the total dividend hike YTD is 0.6 percent. The current dividend yield for Realty Income is 4.1%.
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,700 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 615 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 112 times since Realty Income's public listing in 1994 (NYSE: O).