Realty Income Rewards Investors With Dividend Hike: Is It Sustainable?
ORealty Income(O) ZACKS·2024-09-11 23:55

Realty Income Corporation (O) has announced an increase in its common stock monthly cash dividend to 26.35 cents per share from 26.30 cents paid out earlier. This marked its 127th dividend hike since its listing on the NYSE in 1994.The increased amount will be paid out on Oct. 15 to shareholders on record as of Oct. 1, 2024. The latest dividend rate marks an annualized amount of 3.162persharecomparedwiththepriorrateof3.162 per share compared with the prior rate of 3.156. Based on the company’s share price of $62.81 on Sep. 10, the latest hike ...