This week Realty Income (O) announced a 3.9% increase in its monthly dividend for common stockholders. The dividend is raised from $0.191 to $0.1985. It was the 84nd consecutive dividend increase since it went public. The dividend pay date is February 16, 2016 to shareholders of record on February 1, 2016 (ex dividend 28 January, 2016).
Chief Executive Officer – John P. Case said: “We are pleased that the continued strength in our operations allows us to increase the amount of the dividend we pay to our shareholders, while still maintaining a comfortable dividend coverage ratio.”
The new dividend amount represents an annualized dividend amount of $2.382 per share, up from $2.292. The dividend yield on current price is 4.56 %.
My Vrijheid Fonds consist of 50 shares of Realty Income, my annual dividends will increase by $3.82. For 2016 my dividends will increase by $ 3.51 after taxes.
My projected annual total amount from my shares of O will be $101 after taxes.
I really love these raises!