Today Realty Income (O) announced a 4.0% increase in its monthly dividend for common stockholders. The dividend is raised from $0.2025 to $0.2105. It was the 90th consecutive dividend increase since it went public. The dividend pay date is February 15, 2017 to shareholders of record on February 1, 2017 (ex dividend January 30, 2017).
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. With the payment of the February 2017 dividend, shareholders will enjoy an increase of 6% in the amount of their dividend as compared to the same month in 2016.”
The new dividend amount represents an annualized dividend amount of $2.526 per share, up from $2.43. The dividend yield on current price is 4.22 %. My Vrijheid Fonds consist of 50 shares of Realty Income, my annual dividends will increase by $4.08 (after taxes).
My projected annual total amount from my shares of O in 2017 will be €100 after taxes.
Again a nice step in my journey to financial independence. The Monthly Dividend Company keeps spitting out great results for my Vrijheid Fonds. I’m proud to be a co-owner 😉
DGI at work!