3 Reasons to Buy Realty Income Stock Like There's No Tomorrow
Realty Income (NYSE: O) stands out as a unique dividend stock for its reliability, high yield, and monthly payments. It's a top real estate investment trust (REIT) that any dividend investor would want in their portfolio, and since almost every investor should have some great dividend stocks, it applies to just about every investor. Here are three reasons to scoop up shares today.REITs are generally great dividend stocks because they pay out most of their earnings as dividends, but that doesn't mean they're all the same. There are different categories of REITs depending on what kinds of properties they own, and Realty Income is a retail REIT that owns 15,600 properties globally. It leases almost 80% of its properties to retailers, and they're predominantly large, well-established retail chains. Its top three tenants are 7-Eleven, Dollar Tree and Walgreens', and more than 20% of its portfolio is in grocery stores and convenience stores.However, although its core focus is on these kinds of reliable, essentials chains, it has expanded into different categories and benefits from that diversity. Its tenants are in 89 different industries, and it has a presence in seven European countries.Continue reading
Realty Income (NYSE: O) stands out as a unique dividend stock for its reliability, high yield, and monthly payments. It's a top real estate investment trust (REIT) that any dividend investor would want in their portfolio, and since almost every investor should have some great dividend stocks, it applies to just about every investor. Here are three reasons to scoop up shares today.
REITs are generally great dividend stocks because they pay out most of their earnings as dividends, but that doesn't mean they're all the same. There are different categories of REITs depending on what kinds of properties they own, and Realty Income is a retail REIT that owns 15,600 properties globally. It leases almost 80% of its properties to retailers, and they're predominantly large, well-established retail chains. Its top three tenants are 7-Eleven, Dollar Tree and Walgreens', and more than 20% of its portfolio is in grocery stores and convenience stores.
However, although its core focus is on these kinds of reliable, essentials chains, it has expanded into different categories and benefits from that diversity. Its tenants are in 89 different industries, and it has a presence in seven European countries.
