Every Dividend Hike Matters at Realty Income
You're not going to see a lot of news coverage for most payout increases, and that is particularly true when it comes to Realty Income (NYSE: O). The real estate investment trust (REIT) with a penchant for retail properties is only boosting its monthly cash dividend per share to $0.2345 from $0.234. It's a modest 0.2% increase.
Hikes are also old hat for Realty Income. It's now come through with 109 dividend boosts since its exchange listing in 1994. Realty Income is unique in that it makes small monthly distributions instead of larger payments quarterly, but the math is still impressive. We're talking about an average of a little more than four hikes in any given year. The story gets even better as you take a closer look.
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Source Fool.com
