Dividend increase Realty Income (O) in January 2020
Yesterday Realty Income (O) announced a 2.20% increase in its monthly dividend for common stockholders.
The dividend is raised from $0.2275 to $0.2325. It is the 105th consecutive dividend increase since it went public. The dividend pay date is February 14, 2020 to shareholders of record on February 3, 2020 (ex-dividend January 31, 2020).
Chief Executive Officer – John P. Case said: “
The continued strength of our operating performance has allowed us to increase the dividend for the 105th time since our company’s public listing in 1994. We continue to maintain a conservative payout ratio and remain committed to our company’s mission of paying dependable monthly dividends that increase over time. With the payment of the February dividend, shareholders will realize a 3.1% increase in the amount of the dividend as compared to the same month in 2019.”
The new dividend amount represents an annualized dividend amount of $2.79 per share, up from $2.73. The dividend yield on current price is 3.72%.
My Vrijheid Fonds consist of 120 shares of Realty Income, my annual dividends will increase by €5.03 ($5.61). My projected annual total amount from my shares of O will be €253 ($284) after taxes.
Again a nice increase from The Monthly Dividend Company!