This Magnificent 5.7%-Yielding Dividend Stock Has Now Increased Its Payment for 110 Quarters in a Row
Realty Income's (NYSE: O) mission is to invest in places that help it "deliver dependable monthly dividends that increase over time." It has certainly delivered on that objective. The real estate investment trust (REIT) recently extended its dividend growth streak to 110 straight quarters. It has also raised its dividend 129 times since coming public in 1994, giving it dividend increases every single year for the past three decades.With its latest raise, the REIT now yields 5.7%. It should have no trouble continuing to increase its high-yielding payout in the future, making it an excellent way to make some passive income from real estate.Realty Income is raising its monthly dividend payment to $0.268 per share, or $3.216 annually. That's a 1.5% increase from last month's dividend level and 4.5% above the year-ago level, a little higher than the 4.3% compound annual growth rate it has delivered since going public.Continue reading
Realty Income's (NYSE: O) mission is to invest in places that help it "deliver dependable monthly dividends that increase over time." It has certainly delivered on that objective. The real estate investment trust (REIT) recently extended its dividend growth streak to 110 straight quarters. It has also raised its dividend 129 times since coming public in 1994, giving it dividend increases every single year for the past three decades.
With its latest raise, the REIT now yields 5.7%. It should have no trouble continuing to increase its high-yielding payout in the future, making it an excellent way to make some passive income from real estate.
Realty Income is raising its monthly dividend payment to $0.268 per share, or $3.216 annually. That's a 1.5% increase from last month's dividend level and 4.5% above the year-ago level, a little higher than the 4.3% compound annual growth rate it has delivered since going public.
