"Realty Income remains a staple in dividend investors' portfolios. The commercial REIT's dividend - which pays out monthly and has for 667 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."
"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. Since going public in 1994, Realty Income has provided investors with a more than 578% return, not including reinvested dividends. The question is, where does Realty Income stock go from here."
Realty Income generated a one-year gain of 8.46% and rose 7.14% over the past month after a prior 0.09% loss. The REIT currently yields 5.32%, paying 82 cents per quarter and maintaining monthly distributions for 667 consecutive months. The portfolio exceeds 13,000 properties including long-term net-leased commercial assets in the U.K., Spain and other European markets. The payout has increased each quarter since the 1994 NYSE listing and the company has raised distributions for 30 consecutive years, qualifying as a Dividend Aristocrat. Total return since 1994 exceeds 578% excluding reinvested dividends. Price and growth estimates are projected through 2030.
Read at 24/7 Wall St.
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