Dividend increase Realty Income (O) – December 2019
Last week Realty Income (O) announced a 0.2% increase in its monthly dividend for common stockholders. The dividend is raised from $0.227 to $0.2275. This is the 104th dividend increase since it went public. The dividend pay date is January 15, 2020 to shareholders of record on January 2, 2020 (ex dividend December 31, 2019).
Chief Executive Officer – Sumit Roy said: “We remain committed to our company’s mission of paying dependable monthly dividends to our shareholders that increase over time. Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 104th increase since our company’s public listing in 1994. With the payment of the January dividend, we will have made 594 consecutive monthly dividend payments throughout our 50-year operating history.”
The new dividend amount represents an annualized dividend amount of $2.73 per share, up from $2.724. The dividend yield on current price is 3.61%.
My Vrijheid Fonds consist of 120 shares of Realty Income, my annual dividends will increase by €0.55 ($0.61). For 2019 my dividends will, of course, not be affected ;-).
My projected annual total amount from my shares of O will be €252 ($281) after taxes.