Why I Can't Stop Buying This Amazing High-Yield Monthly Dividend Stock
I recently bought a few more shares of Realty Income (NYSE: O). I've been steadily adding to my position in the real estate investment trust (REIT) over the past couple of years by taking advantage of market dips to purchase more shares. With the market slumping in recent months, shares of the diversified REIT have fallen about 10% from their 52-week high. That decline has driven its dividend yield up over 5.5%. That high-yielding payout is one of the many reasons I haven't been able to stop myself from adding to my position any chance I get.Realty Income's mission is "to deliver stockholders dependable monthly dividends that grow over time." The REIT has done an amazing job fulfilling that quest over the years. It recently declared its 658th consecutive monthly dividend since its founding in 1969. Meanwhile, it has raised its dividend 130 times since its public market listing in 1994. It has increased its dividend for 110 straight quarters and 30 consecutive years, and it has grown its dividend at a 4.3% compound annual rate over the past three decades. Its steady dividend growth has contributed to the REIT's strong total returns over the years, to the tune of 13.4% annualized since it went public. Continue reading
I recently bought a few more shares of Realty Income (NYSE: O). I've been steadily adding to my position in the real estate investment trust (REIT) over the past couple of years by taking advantage of market dips to purchase more shares. With the market slumping in recent months, shares of the diversified REIT have fallen about 10% from their 52-week high. That decline has driven its dividend yield up over 5.5%.
That high-yielding payout is one of the many reasons I haven't been able to stop myself from adding to my position any chance I get.
Realty Income's mission is "to deliver stockholders dependable monthly dividends that grow over time." The REIT has done an amazing job fulfilling that quest over the years. It recently declared its 658th consecutive monthly dividend since its founding in 1969. Meanwhile, it has raised its dividend 130 times since its public market listing in 1994. It has increased its dividend for 110 straight quarters and 30 consecutive years, and it has grown its dividend at a 4.3% compound annual rate over the past three decades. Its steady dividend growth has contributed to the REIT's strong total returns over the years, to the tune of 13.4% annualized since it went public.