"Realty Income remains a staple in dividend investors' portfolios. The commercial REIT's dividend - which pays out monthly and has for 664 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."
"Since going public in 1994, Realty Income has provided investors with a 616.05% return, not including reinvested dividends. The question is, where does Realty Income stock go from here. 24/7 Wall St. offers readers insights into our assumptions about the stock's prospects, what sort of growth we see in O stock for the next several years, and our best estimates for Reality Income stock price each year through 2030."
Realty Income (O) recorded a 0.43% share gain over the past month following a 2.68% gain the prior month, producing a 14.52% year-to-date gain. O currently pays a 5.37% dividend yield and has paid monthly dividends for 664 consecutive months. Since listing on the NYSE in 1994, the REIT has increased its dividend every quarter and has raised the payout for 30 consecutive years, qualifying it as a Dividend Aristocrat. The portfolio exceeds 13,000 properties and is expanding in the U.K., Spain, and other European markets. Historical return since 1994 is 616.05% excluding reinvested dividends, and multi-year stock price projections are provided through 2030.
Read at 24/7 Wall St.
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