Saturday, March 28, 2015
Recent Buy: Realty Income Corp
Mar 16, 2015: Bought 50 shares of O at $50.67 per share.
Known as The Monthly Dividend Company®, Realty Income Corporation (NYSE:O) is an equity real estate investment trust dedicated to providing shareholders with dependable monthly income. The company earns income from more than 4,300 properties owned under long-term lease agreements with regional and national retail chains and other commercial tenants. Realty Income was founded in 1969 and is headquartered in San Diego, California.
Realty Income is a Dividend Contender with a streak of 22 years of consecutive dividend increases. In fact, as of 03/16/2015, the company has a track record of 70 consecutive quarterly increases with a compound average annual dividend growth rate of about 5%. Shareholders of record on 04/01/15 will receive a dividend of 18.95¢ per share. Annualized, the monthly dividends equate to $2.274 per share. At my buy price of $50.67, Realty Income yields 4.49%.
To see my reasons for buying Realty Income, please read this Seeking Alpha article.