Realty Income (O) announced a 0.17% increase in its cash dividends for common stockholders. The monthly dividend increases from $0.1831042 to $0.1834167. The dividend is payable on Jan 15, 2015 to shareholders of record as of Jan 2, 2015. This is the 78th dividend increase since Realty Income went public in 1994 (and 4th increase of the year).
The new monthly dividend amount represents an annualized dividend amount of approx $2.201 per share, up from $2.197. My portfolio consists of 60 shares of Realty Income and the new increase bumps up my annual dividends from $131.82 to $132.06.
Surprised to see the increase with the pressure reits have been under. Extremley modest increase but at least its the right direction.
A-G,
Yes, the REITs are interesting in the current market indeed. Realty Income’s dividend increase is welcome for sure. The increase is small – as they do multiple increases over the year. Each quarter, the increase has been 0.17% this year.
R2R
Another dividend increase, awesome! I have shares of O and they’ve been good to me thus far. I’ve been too much on the hunt for new companies that I sometimes forget to read up on the companies I’ve already invested in, so thanks.
– HMB
I think thats pretty common, HMB. On the hunt for new companies, we forget about the ones we already own. Sometimes theres good value in the holdings of your portfolio and good to simply add to the position instead of looking elsewhere.
Enjoy the dividend increase, fellow shareholder
R2R
Good point and something I’ve been thinking about recently. My portfolio has grown and is approaching a really nice mix. So I’ve been thinking about going back and adding to my current positions, especially with this dip in the market. Thanks for the feedback.
– HMB
You are welcome, HMB. You sure have a good mix in your portfolio.
Best
R2R
A very small increase but an increase nonetheless. O is something I hope to own in the near future. 🙂
Tawcan,
Yes the high yielders have smaller increases, but I’ll take it 🙂 The stock appears a bit expensive right now, but still a good entry yield.
R2R
I think that with this increase, it has bumped up my annual dividends by $0.12. Well, I won’t complain about them passing along some extra pennies to me!
Haha…it seems measly, but it adds up over time. Thats the beauty of dividend growth investing. Enjoy the raise, fellow-shareholder.
R2R
I’ve been looking into O — its an interesting stock with a solid history of dividend increases. Also gotta love their mantra: The Monthly Dividend Company.
I love the monthly dividends, FerdiS. Its reliable and like rent cheques coming in each month. I’d like to own more shares though…makes for some great income investment.
cheers
R2R
R2R,
YUP! An increase is an increase, I’ll take it!
Absolutely, FFF. These small increases have an impact over the years….loving the div bump 🙂
R2R
Woohoo! They usually have small increases for a couple for a year or two then a large one.
Realty Income raises their dividend every quarter. This year, the amount has been 0.17% each time.
R2R