Realty Income (O) announced a 0.26% increase in its cash dividends for common stockholders. This is the company’s 83rd dividend increase since the company went public in 1994 and an amazing fifth increase this year! The monthly dividend increases from $0.1905 to $0.191 per share. The dividend is payable on Jan 15, 2016 to shareholders of record as of Jan 4, 2016.
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 January dividend, we will have made 546 consecutive monthly dividend payments and paid over $3.8 billion in dividends throughout our 46-year operating history.“
The new dividend amount represents an annualized dividend amount of $2.292, up from $2.286 per share. My portfolio consists of 60 shares of Realty Income and the new increase bumps up my annual dividends from $137.16 to $137.52, an increase of $0.36.