Realty Income (O) Raises Dividends by a Record 19.20%
by | Posted 2.3.2013 | Post Comment (No Comments)

Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. This dividend achiever has paid dividends every year since going public in 1994, and raised them for 19 years in a row.

The company raised its monthly dividend by 19.20% to 18.09 cents/share following the completion of the acquisition on American Realty Capital Trust. This was the highest increase in distributions done by the monthly dividend company. The new annual dividend at the current rate is at $2.171/share. The current yield is up to 5% after the increase. Check my previous analysis of the REIT for more information on Realty Income.

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