Polliesdividend

Dividend increase Realty Income (O)

Yesterday Realty Income (O) announced a 1.0% increase in its monthly dividend for common stockholders. The dividend is raised from $0.1995 to $0.2015. It was the 86nd consecutive dividend increase since it went public. The dividend pay date is September 15, 2016 to shareholders of record on September 1, 2016 (ex dividend August 29, 2016).

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Chief Executive Officer – John P. Case said: “Our business continues to perform quite well and we are pleased with our year-to-date success and remain optimistic about our prospects for the future.”  … ” Given the ongoing confidence we have in our business and our financial strength, we have elected to provide our shareholders with an additional increase in the monthly dividend of 1% beginning in September 2016. The payment of this dividend will result in an annual increase of 6.1% over the dividend paid in September 2015.”

Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $2.418 per share, up from $2.394. The dividend yield on current price is 3.47 %.

My Vrijheid Fonds consist of 50 shares of Realty Income, my annual dividends will increase by $1.02. For 2016 my dividends will increase by $ 0.31 after taxes.

My projected annual total amount from my shares of O will be $94 after taxes.
Cheers,

Pollie

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