Realty Income Dividend Increase

Realty Income Realty Income (O) announced a 0.26% increase in its cash dividends for common stockholders. I was surprised by this move, especially after Realty Income increased its dividend by 3% in January. The monthly dividend increases from $0.189 to $0.1895 per share. The dividend is payable on Apr 15, 2015 to shareholders of record as of Apr 1, 2015. This is the 80th dividend increase since Realty Income went public in  1994.

From the press release statement:

We are pleased that our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend we pay to our shareholders,” said John P. Case, Chief Executive Officer of Realty Income. “With the payment of the April dividend, we will have made 537 consecutive monthly dividend payments and paid over $3.4 billion in dividends throughout our 46-year operating history.

The new dividend amount represents an annualized dividend amount of $2.274, up from $2.268 per share. My portfolio consists of 60 shares of Realty Income and the new increase bumps up my annual dividends from $136.08 to $136.44, an increase of $0.36.

14 thoughts on “Realty Income Dividend Increase

  1. R2R, Slow and steady wins the race and O is a prime example of this. Glad to be a fellow shareholder and here’s many more piddly dividend increases to come. Now off to see how many extra pennies this raise affords me.

    Best,
    DWC

  2. Gotta hand it to these guys, they really live up to their moniker as the ‘monthly dividend company’. All of these little raises keep adding up along with the nice 3% boost in Jan of course.

    • Captain,
      They sure know how to keep that momentum going. Instead of waiting a whole year for another increase, its great to get a fraction of a percentage to compound over the year.

      Best
      R2R

  3. Same here, completely didn’t expect them to bump up the dividend again. But hey, I’ll take it! All of these tiny increases really add up. I think this will get me an extra penny or two.

    Enjoy your raise!

  4. JC says:

    Got to love those consistent raises from O. They might not be gangbuster raises but they add up to solid increases throughout the year.

  5. Haha. Raises my annual dividend by 31 cents. Every little bit counts, I guess. And, at least we had that nice 3% increase earlier. You’d hate to resort to continuing the streak of consecutive quarterly increases with a 0.26% increase, though technically it would still count.

    Thanks for sharing!

    • Anything counts, for sure. I was wondering if they would have anymore quarterly raises after the 3% hike in January…but its good to see that the trend continues.

      Thanks for stopping by
      R2R

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