Today Realty Income (O) announced a 0.2% increase in its monthly dividend for common stockholders. The dividend is raised from $0.202 to $0.2025. It is the 89th consecutive dividend increase since it went public. The dividend pay date is January 13, 2017 to shareholders of record on January 3, 2017 (ex dividend December 29, 2016).
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 January dividend, we will have made 558 consecutive monthly dividend payments and paid over $4.4 billion in dividends throughout our 47-year operating history.”
The new dividend amount represents an annualized dividend amount of $2.43 per share, up from $2.424. The dividend yield on current price is 4.33 %. My Vrijheid Fonds consist of 50 shares of Realty Income, my annual dividends will increase by $0.26.
My projected annual total amount from my shares of O in 2017 will be €97 after taxes.
It is a small increase, and it is welcome.
DGI at work!