Fuzzy’s Financial Blog

Well Realty Income(O), which engages in the acquisition and ownership of commercial retail real estate properties in the United States, announced a dividend increase to $0.142375 per share from $0.1420625 per share. This is its 6th increase in the past year, and while small shows great hope for me at least.  Tom A. Lewis, Chief Executive Officer of Realty Income, commented, “We are pleased that, despite challenging economic conditions, our operations allow us to once again increase the amount of the dividend we pay to our shareholders. With the payment of the July dividend we will have made 468 consecutive monthly dividend payments.”

Realty Income calls itself “The Monthly Dividend Company(R)” and has declared 468 consecutive common stock monthly dividend payment since its inception in 1994. 2,300 retail properties under long-term lease agreements with leading regional and national chains help to support the cash flow for these monthly dividends. This dividend is currently yielding 7.70%.

Disclosure: I own shares of O.