126th Common Stock Monthly Dividend Increase Declared by Realty Income (2024)

SAN DIEGO, June 11, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2630 per share from $0.2625 per share. The dividend is payable on July 15, 2024, to stockholders of record as of July 1, 2024. This is the 126th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.156 per share as compared to the prior annualized dividend amount of $3.150 per share.

126th Common Stock Monthly Dividend Increase Declared by Realty Income (1)

"As The Monthly Dividend Company®, we remain dedicated to operating in a manner that provides shareholders with dependable, growing dividends," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This marks the fourth dividend increase of 2024 and the 648th consecutive monthly dividend throughout our 55-year history."

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe. We are known as "The Monthly Dividend Company®," and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 648 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index, having increased our dividend for the last 29 consecutive years. Additional information about the company can be found at www.realtyincome.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio; cash flows; the intentions of management; and dividends, including the amount, timing, growth and payment of dividends. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through joint ventures, partnerships and other arrangements which may limit control of the underlying investments; epidemics or pandemics including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions including from the merger with Spirit Realty Capital, Inc.; and those additional risks and factors discussed in our reports filed with theU.S.Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circ*mstances after the date these statements were made.

126th Common Stock Monthly Dividend Increase Declared by Realty Income (2)

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SOURCE Realty Income Corporation

126th Common Stock Monthly Dividend Increase Declared by Realty Income (2024)

FAQs

126th Common Stock Monthly Dividend Increase Declared by Realty Income? ›

This is the 126th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.156 per share as compared to the prior annualized dividend amount of $3.150 per share.

What is the average dividend increase for Realty Income? ›

Dividend History and Growth

Realty Income Corporation ( O ) dividend payments per share are an average of 2.56% over the past 12 months, 3.16% over the past 36 months, 2.89% over the past 60 months, and 3.52% over the past 120 months.

What is the monthly dividend rate for Realty Income? ›

SAN DIEGO , Sept. 10, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2635 per share from $0.2630 per share.

What is the REIT that pays a monthly dividend? ›

EPR Properties (NYSE: EPR)

The company aims to find businesses that meet its five-star criteria and have a market-dominant position to deliver the best return on investment. Its monthly dividends as of August 2024 were $0.29 per share for a total annual dividend yield of 7.2%.

Why is Realty Income stock going down? ›

For example, it recently issued new debt at a 4.75% interest rate, and the average cash yield from the nearly $600 million worth of properties acquired in Q2 was 7.8%. The bottom line is that while Realty Income is down by about 30% from its all-time high, much of this is due to temporary interest-rate headwinds.

Is Realty Income a safe dividend stock? ›

Dividend income we provide to our shareholders tends to be reliable since it is supported by long-term leases with tenants we have determined can be relied upon to make lease payments. Throughout our operating history, we have never decreased the amount of our regular monthly dividend payment.

Which REIT stock pays the highest dividend? ›

8 Best High-Yield REITs to Buy
REITForward dividend yield
Realty Income Corp. (O)5.2%
AGNC Investment Corp. (AGNC)14.2%
Easterly Government Properties Inc. (DEA)7.8%
Omega Healthcare Investors Inc. (OHI)7.1%
4 more rows
Aug 20, 2024

What is the dividend for Realty Income in June 2024? ›

As of July 2024, we have paid 107 consecutive quarterly dividend increases and increased the dividend 126 times since our listing on the New York Stock Exchange ("NYSE") in 1994. The annualized dividend amount as of June 30, 2024 was $3.156 per share.

What is the average dividend growth rate for a REIT? ›

During the past 13 years, the highest Dividend Yield of NNN REIT was 7.73%. The lowest was 3.27%. And the median was 4.53%.

What stock currently pays the highest monthly dividend? ›

Top 9 monthly dividend stocks by yield
SymbolCompany nameForward dividend yield (annual)
SILASILA Realty Trust6.84%
APLEApple Hospitality REIT6.57%
MAINMain Street Capital Corp.5.75%
ORealty Income Corp.5.44%
5 more rows
Aug 1, 2024

Can you live off REIT dividends? ›

Reinvesting REIT dividends can help retirement savers grow their portfolio's investment, and historically steady REIT dividend income can help retirees meet their living expenses.

Why is the AGNC dividend so high? ›

High dividend payments make sense, but how exactly can the yield be as high as 15%? Debt is the simplest answer. AGNC, for example, finances much of its business through debt. It also issues both common and preferred stock so it can acquire more mortgage assets that generate cash to satisfy the sky-high dividend.

Is the AGNC dividend safe? ›

The dividend remains in alignment

AGNC Investment is currently earning a high enough return to maintain its dividend. That suggests the payout looks safe for the foreseeable future.

Is Realty Income a strong buy? ›

Realty Income Corporation - Hold

Valuation metrics show that Realty Income Corporation may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of O, demonstrate its potential to underperform the market. It currently has a Growth Score of C.

What is the future of Realty Income? ›

The average price target for Realty Income is $64.02. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $70.25 ,the lowest forecast is $58.00. The average price target represents 2.09% Increase from the current price of $62.71.

Who owns the most shares of Realty Income? ›

What percentage of Realty Income (O) stock is held by retail investors? According to the latest TipRanks data, approximately 26.66% of Realty Income (O) stock is held by retail investors. Who owns the most shares of Realty Income (O)? Vanguard owns the most shares of Realty Income (O).

How much do dividends increase on average? ›

An average dividend growth rate is 8% to 10%. However, this can vary greatly among different stocks and industries. Companies with a steady history of dividend increases outperforming their peers may have a higher-than-average dividend growth rate.

What is the average annual return of realty income? ›

The total return for Realty Income (O) stock is 20.23% over the past 12 months. So far it's up 12.87% this year. The 5-year total return is 7.66%, meaning $100 invested in O stock 5 years ago would be worth $107.65 today. Total return includes price appreciation plus reinvesting any dividends paid out.

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