Again a dividend increase from Realty Income for my Vrijheid Fonds.
Tuesday Realty Income (O) announced a 0.2% increase in its monthly dividend for common stockholders.
The dividend is raised from $0.2115 to $0.212. It was the 93nd consecutive dividend increase since it went public. The dividend pay date is October 13, 2017 to shareholders of record on October 2, 2017 (ex dividend September 29, 2017).
Chief Executive Officer – John P. Case said: “We are pleased that our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend we pay to our shareholders. With the payment of the October dividend, we will have made 567 consecutive monthly dividend payments and paid over $4.9 billionin dividends throughout our 48-year operating history.“
The new dividend amount represents an annualized dividend amount of $2.544 per share, up from $2.538. The dividend yield on current price is 4.32%.
My Vrijheid Fonds consist of 50 shares of Realty Income, my annual dividends will increase by €0.026. For 2017 my dividends will increase by $0.06 after taxes.
My projected annual total amount from my shares of O will be €94 after taxes.
It is a very small increase, but very welcome!