A dividend increase by the Monthly Dividend Company!
This week Realty Income (O) announced a 0.2% increase in its monthly dividend for common stockholders. The dividend is raised from $0.2195 to $0.22. It is the 97thconsecutive dividend increase since it went public. The dividend pay date is July 13, 2018 to shareholders of record on July 2, 2018 (ex dividend June 29, 2018).
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 July dividend, we will have made 576 consecutive monthly dividend payments and paid over $5.5 billion in dividends throughout our 49-year operating history.”
The new dividend amount represents an annualized dividend amount of $2.64 per share, up from $2.634. The dividend yield on current price is 4.99%.
My Vrijheid Fondsconsist of 120 shares of Realty Income, my annual dividends will increase by €0.26. My projected annual total amount from my shares of O will be €222 ($257) after taxes.
Again a nice increase from The Monthly Dividend Company! It is like clock work.
I love it!