Why Realty Income Stock Jumped 14% in November
Realty Income (NYSE: O) stock gained 14% in November, according to data from S&P Global Market Intelligence. It benefited from an overall market rally as well as positive indications about the real estate market.
Realty Income is a real estate investment trust, otherwise known as REIT. As a group, REITs are excellent dividend stocks to own because they have a fairly steady revenue stream and pay out 90% of proceeds as dividends. But not all REITs are the same.
Realty Income stands out from the pack primarily because it pays a monthly dividend. But there are other reasons it's an attractive dividend play. It has raised its dividend for 104 consecutive quarters, not just annually, with a monthly streak of 640 consecutive payments.
Source Fool.com
