Realty Income Corp. recently revealed that the board of directors has declared an increase in the company’s common stock monthly cash dividend to $0.22 per share from $0.2195 per share. The dividend is payable on July 13, 2018, to shareholders of record as of July 2, 2018.
According to a prepared statement, this is the 97th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for July’s dividend is June 29, 2018.
The release notes that the new monthly dividend represents an annualized dividend amount of $2.64 per share as compared to the current annualized dividend amount of $2.634 per share.
“We are pleased that our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend we pay to our shareholders,” says John P. Case, Chief Executive Officer of Realty Income. “With the payment of the July dividend, we will have made 576 consecutive monthly dividend payments and paid over $5.5 billion in dividends throughout our 49-year operating history.”
To date, Realty Income has declared 576 consecutive common stock monthly dividends throughout its 49-year operating history and increased the dividend 97 times since Realty Income’s public listing in 1994.