Got $100? Buy This Phenomenal 5.8%-Yielding Dividend Stock.
Realty Income (NYSE: O) built its business to pay dividends. The real estate investment trust (REIT) owns properties that produce durable rental income. That gives it the money to pay its attractive 5.8%-yielding monthly dividend.
The REIT has increased that payout 123 times since its public market listing 30 years ago. It should be able to continue growing it in the future. Driving that view is its ability to continue acquiring income-producing properties. That ability to pay a durable and growing monthly dividend makes it a great place to invest $100 right now. Investors could buy about two shares of a REIT that should produce a steadily rising stream of monthly dividend income.
Realty Income recently unveiled its latest acquisition. The REIT is buying a portfolio of properties in Europe from Decathlon SE, one of the world's top sports companies and sporting goods retailers. Realty Income is purchasing 82 retail properties from Decathlon SE in a sale-leaseback transaction valued at 527 million euros ($578 million). It's the company's first pan-European transaction, with properties in Germany, France, Spain, Italy, and Portugal.
Source Fool.com
