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.