This week Realty Income (O) announced a 3.1% increase in its monthly dividend for common stockholders.
The dividend is raised from $0.2125 to $0.219. It is the 95th consecutive dividend increase since it went public. The dividend pay date is February 15, 2018 to shareholders of record on February 1, 2018 (ex dividend January 31, 2018).
Chief Executive Officer – John P. Case said: “We are pleased that the continued success of our operations has allowed us to increase the amount of the dividend we pay to our shareholders, while still maintaining a strong dividend coverage ratio,” said John P. Case, Chief Executive Officer of Realty Income. “With the payment of the February 2018 dividend, shareholders will enjoy an increase of 4% in the amount of their dividend as compared to the same month in 2017”
The new dividend amount represents an annualized dividend amount of $2.628 per share, up from $2.55. The dividend yield on current price is 4.96%.
My Vrijheid Fonds consist of 120 shares of Realty Income, my annual dividends will increase by €6.51.
My projected annual total amount from my shares of O will be €213 after taxes.
Again a nice increase from The Monthly Dividend Company!