Realty Income Announces 128th Consecutive Monthly Dividend Increase
San Diego, Wednesday, 11 December 2024.
Realty Income Corporation has raised its monthly dividend for the 128th time, underscoring its financial stability and commitment to shareholders with a new rate of $0.2640 per share.
Dividend Increase Details
Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, announced on December 9, 2024, an increase in its monthly cash dividend from $0.2635 to $0.2640 per share [1]. This adjustment represents an annualized dividend amount of $3.168 per share, up from the previous $3.162 [1][3]. The enhanced dividend will be paid on January 15, 2025, to stockholders of record as of January 2, 2025 [1].
Track Record of Consistency
This latest increase marks the company’s 128th dividend increase since its NYSE listing in 1994 and represents the 109th consecutive quarter of dividend increases [1][3]. The company’s President and CEO, Sumit Roy, highlighted that throughout its 55-year history, Realty Income has maintained an impressive streak of 654 consecutive monthly dividends [1]. This consistent performance has earned the company a position in the prestigious S&P 500 Dividend Aristocrats® index, recognizing its achievement of increasing dividends for over 30 consecutive years [1][3].
Portfolio Strength and Market Position
Realty Income’s ability to maintain consistent dividend growth is supported by its robust portfolio of over 15,450 properties spread across all 50 U.S. states, the United Kingdom, and six other European countries [1][3]. This geographical diversification and extensive property portfolio provide a stable foundation for the company’s ongoing dividend commitment to shareholders [1].