Realty Income (O) announced a 0.17% increase in its cash dividends for common stockholders. The monthly dividend increases from $0.1827917 to $0.1831042. The dividend is payable on Oct 15, 2014 to shareholders of record as of Oct 1, 2014. This is the 77th dividend increase since Realty Income went public in 1994.
The new monthly dividend amount represents an annualized dividend amount of approx $2.197 per share, up from $2.194. My portfolio consists of 60 shares of Realty Income and the new increase bumps up my annual dividends from $131.16 to $131.82. My yield on cost rises to 5.89%.