Dividend increase by Realty Income (O) – March 2020
On March 17th Realty Income (O) announced a 0.2% increase in its monthly dividend for common stockholders. The dividend is raised from $0.2325 to $0.233. It was the 106th consecutive dividend increase since it went public. The dividend pay date is April 15, 2020 to shareholders of record on April 1, 2020 (ex dividend March 31, 2020).
President and Chief Executive Officer – Sumit Roy said: “We remain committed to our company’s mission of paying dependable monthly dividends to our shareholders that increase over time. Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 106th increase since our company’s public listing in 1994. With the payment of the April dividend, we will have made 597 consecutive monthly dividend payments throughout our 51-year operating history.”
The new dividend amount represents an annualized dividend amount of $2.796 per share, up from $2.79. The dividend yield on current price is 5.07%.
My Vrijheid Fonds consist of 120 shares of Realty Income, my annual dividends will increase by €0.43 ($0.46).
My projected annual total amount from my shares of O will be €262 ($283) after taxes.
Again a nice increase from The Monthly Dividend Company!