Realty Income Corp (O) announced a 0.25% increase in its cash dividend. The monthly cash dividend will increase from $0.1985 to $0.199 per share and payable on Apr 15, 2016 to shareholders on record as of Apr 01, 2016. This is Realty Income’s second increase in 2016 after a raise in January 🙂
This is the 85th dividend increase from Realty Income since the company went public in 1994. The annual dividend rate goes up from $2.382 to $2.388. Yield going forward based on yesterday’s closing stock price is 3.93%.
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 549 consecutive monthly dividend payments and paid over $3.9 billion in dividends throughout our 47-year operating history.”
Our portfolio consists of 60 shares of Realty Income, which increases our annual dividends from $142.92 to $143.28, an increase of $0.36.