Realty Income Announces An Increase In The Company's Common Stock Monthly Cash Dividend To $0.2565 Per Share From $0.2560 Per Share
Portfolio Pulse from Benzinga Newsdesk
Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, has increased its monthly cash dividend from $0.2560 to $0.2565 per share. This marks the 123rd dividend increase since its NYSE listing in 1994. The dividend is payable on January 12, 2024, to shareholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023. The annualized dividend amount has risen from $3.072 to $3.078 per share. CEO Sumit Roy emphasized the company's commitment to providing stockholders with reliable monthly dividends, noting this is the 105th consecutive quarter of dividend increases.
December 12, 2023 | 9:13 pm
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Realty Income Corporation has announced a slight increase in its monthly dividend, continuing a long history of consistent dividend growth.
The increase in dividend is typically viewed positively by investors, especially those focused on income, as it signals financial stability and a commitment to returning value to shareholders. Given Realty Income's track record, this move may reinforce investor confidence and could lead to a short-term positive impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100