Want to Make Passive Income? Buy This Dividend Powerhouse and Never Look Back.
Realty Income (NYSE: O) has been a powerful passive income producer over the years. The real estate investment trust (REIT) has increased its monthly dividend 132 times since its public market listing in 1994. The landlord has hiked its payout by 259% over that period (a 4.2% compound annual growth rate), paying out a cumulative $17.6 billion in dividends over the past three decades.
The REIT's high-yielding (more than 5.5% current yield) and steadily rising monthly dividend make it an ideal investment for those seeking to generate passive income. Here's why income-seeking investors should buy shares and never look back.
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Source Fool.com
