Shares of Realty Income rose 2.28% over the past month and 0.86% the month prior, producing a 10.56% year-to-date gain. The REIT pays a 5.55% dividend yield and distributes dividends monthly, with 662 consecutive months of monthly payments. The portfolio exceeds 13,000 properties and has expanded in the U.K., Spain, and other European countries through long-term net leases. Realty Income has increased its dividend every quarter since listing on the NYSE in 1994 and has raised its payout for 30 consecutive years, qualifying it as a Dividend Aristocrat. Since IPO, total return reached 596.47%, excluding reinvested dividends. 2019 closed with a 21% total return.
Realty Income remains a staple in dividend investors' portfolios. The commercial REIT's dividend - which pays out monthly and has for 662 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
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