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Realty Income (O) Announces 3% Dividend Increase

Realty Income Corporation (NYSE: O), The Monthly Dividend Company┬«, today announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2255 per share from $0.2210 per share. The dividend is payable on February 15, 2019 to shareholders of record as of February 1, 2019. This is the 100th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for February’s dividend is January 31, 2019. The new monthly dividend represents an annualized dividend amount of $2.706 per share as compared to the current annualized dividend amount of $2.652 per share.

That makes it 26th consecutive year increase of the dividend ranking this company to a rank of a “dividend champion”.

Our calculated fair value for this stock is $64.15 and at a current price $64.77 and average 5 year dividend yield 4.49% the stock is overvalued and ranked as a hold.

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