Realty Income hikes dividend by 0.2%
Realty Income Corporation (O) today announced a 0.2% dividend increase to $0.2475 monthly per share. The company's Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2475 per share from $0.247 per share. The dividend is payable on July 15, 2022, to stockholders of record as of July 1, 2022. This is the 116th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for July's dividend is June 30, 2022. The new monthly dividend represents an annualized dividend amount of $2.97 per share as compared to the current annualized dividend amount of $2.964 per share.
"Realty Income is resolute in our commitment to pay stockholders a monthly dividend that increases over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "I'm pleased that our Board of Directors has determined that Realty Income can increase the amount of the dividend this month. This will be the 624th consecutive monthly dividend payment made throughout our 53-year operating history."
The dividend yield for Realty Income is 4.7% at a stock price of $65.43. Dividend Aristocrat Realty Income now pays an estimated $1.78 billion in dividends to shareholders annually.
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).