"Realty Income remains a staple in dividend investors' portfolios. The commercial REIT's dividend - which pays out monthly and has for 665 consecutive months - is a large reason investors are confident in the stock moving forward. Another reason: its expanding footprint in the European market that has seen commercial properties with long-term net lease agreements added to its +13,000-property portfolio in the U.K., Spain and other countries."
"Billing itself "The Monthly Dividend Company," the real estate investment trust (REIT) blazed a new path in the field that numerous other REITs now follow. The track record of payments for O is remarkable, and s ince being listed on the NYSE in 1994, the REIT has increased its dividend every quarter. Having raised the payout for 30 consecutive years, Realty Income is now a Dividend Aristocrat, or a stock that is part of the S&P 500 and has increased its dividend for 25 consecutive years or more."
Shares of Realty Income fell 6.09% over the past month after a 0.43% gain the prior month, producing a 7.83% year-to-date gain. O currently yields 5.70% and pays dividends monthly, maintaining that cadence for 665 consecutive months. The REIT has expanded into Europe, adding long-term net-leased commercial properties in the U.K., Spain and other countries to a +13,000-property portfolio. Since listing on the NYSE in 1994, Realty Income has increased its dividend every quarter and raised the payout for 30 consecutive years, qualifying it as a Dividend Aristocrat. Total return since 1994 reached 579.28% excluding reinvested dividends.
Read at 24/7 Wall St.
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