Want Monthly Passive Income? This Company Has Increased Its Dividend 123 Times Since Going Public
Dividend-paying stocks can form an important part of an investment portfolio, helping to provide passive income as well as an additional layer of diversification. Even better is a stock with a long track record of paying dividends.
Enter Realty Income (NYSE: O), a real estate investment trust (REIT). As a REIT, Realty Income is required to pay out at least 90% of taxable Income to investors each year. While there are many companies that pay a dividend, Realty Income has some unique features that set it apart from the competition.
For starters, the company pays a monthly dividend as opposed to offering it on a quarterly cadence. While this may not seem like a big deal on the surface, Realty Income's consistent dividend increases are what really differentiates the company. Since going public in 1994, Realty Income has increased its dividend 123 times. It's no wonder the company refers to itself as The Monthly dividend Company!
Source Fool.com
