Could Realty Income Help You Become a Millionaire?
Realty Income (NYSE: O) has long been a top stock to own among dividend investors.
The real estate investment trust (REIT) has several qualities that almost any income investor would want in a dividend stock. It has a recession-proof business model because it operates through triple-net leases, meaning its tenants pay for insurance, property taxes, and maintenance. It also generally leases its properties to stable recession-proof retailers like convenience stores and drugstores. Among the company's top tenants are Walgreens and 7-Eleven. It operates in eight countries, including the U.S. and several in Europe, giving it geographical diversity and resilience.
The company also has a long history of raising its dividend for 30 years in a row, and it is one of the few dividend stocks to pay a monthly dividend, giving investors a more frequent income stream.
Source Fool.com
