Realty Income declares 3rd dividend hike in 2022 (+0.2%)

REalty income dividend hike 2022

Monthly paying Dividend Aristocrat Realty Income (ticker symbol: O) has announced its third dividend hike YTD on September 13, 2022. Shareholders will receive a new monthly dividend of 24.8 cents per share, up 0.2% from the previous dividend.

This marks the third 0.2% dividend hike by Realty Income in 2022 for a total dividend hike of 0.6%. In 2021 Realty Income announced 5 dividend hikes for a total increase of 5.1%. This marked 28 consecutive years of dividend growth for The Monthly Dividend Company. At a stock price of $64.31 the dividend yield for Realty Income is 4.6%.

REALTY INCOME DIVIDEND STATISTICS

  • Monthly dividend: $0.248 per share
  • Current dividend yield: 4.6% (stock price $64.31)
  • Years of dividend growth: 28 
  • 5 year CAGR: 3.1%
  • Annual dividend: $1.79 billion
  • Market cap: $39.7 billion
  • Next ex-dividend date: September 30, 2022
  • YTD stock price: -10.2%

The next O dividend is payable on October 14, 2022, to stockholders of record as of October 3, 2022. This is the 117th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2022. The new monthly dividend represents an annualized dividend amount of $2.976 per share as compared to the prior annualized dividend amount of $2.97 per share.

Realty Income dividend history
Realty Income keeps on impressing with its dividend hikes (click for larger image)

In 2019 Realty Income hiked its dividend for the 25th consecutive year, entering Dividend Aristocrat territory. The average dividend growth rate for Realty Income is 3.1% annually for the last five years. Back in 2013 a 20 percent dividend hike was announced. This is the only double digit increase in more than a decade. Only a few US companies pay monthly dividends.

"I'm pleased that Realty Income can once again increase the amount of the monthly dividend," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Today's dividend declaration represents the 100th consecutive quarterly dividend increase and the 627th consecutive monthly dividend throughout our 53-year operating history."

Another Dividend Aristocrat announcing a dividend hike recently is tobacco company Altria with a 4.4 percent increase.

Realty Income is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from its real estate properties owned under long-term lease agreements with commercial clients. Realty Income's properties are leased to clients in the United States, Puerto Rico, the United Kingdom and Spain. The majority of its properties are leased to retail clients that have a service, non-discretionary, and/or low price point component to their business. Realty Income's became publicly listed in 1994.

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