On 20 May, Realty Income (O) increased its monthly dividend by 2.14%, from 25.70¢ to 26.25¢ per share.
The dividend will be paid on 14 June to shareholders of record on 3 June. The ex-dividend date is 3 June.
O's contribution to DivGro's projected annual dividend income will increase by $30.40 to $329.60.
I own 250 shares of O at an average cost basis of $51.24 per share. Following this increase, my yield on cost is 6.15%. (O's forward yield is 5.98% at $52.71 per share).
Since I opened my O position in August 2015, the stock has produced annualized total returns of 7%, including $2,217.42 in dividend income.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.717 | $2.801 | $2.845 | $2.969 | $3.059 | ⬆ | $3.127✝ |
| 2.96% | 3.09% | 1.57% | 4.36% | 3.03% | ⬇ | 2.22% |
| 5-year DGR: | 3.00% | ⬇ | 2.85% | |||
✝projected, assuming no further changes
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