5 Dividend Stocks Redditors are Buying for Recession

4. Realty Income Corporation (NYSE:O)

Dividend Yield as of July 10: 4.31%

Realty Income Corporation (NYSE:O) is an American real estate investment trust that is also known among Redditors for being a monthly dividend stock.

Realty Income Corporation (NYSE:O) has a long and solid history of dividend payments. On June 14, the company raised its monthly dividend by 0.2% to $0.2475 per share. This was the company’s 623rd-consecutive monthly dividend payout, throughout its 53-year history. Moreover, it has raised its dividend 116 times since its IPO in 1994. Realty Income Corporation (NYSE:O) derives its cash flow from 11,200 real estate properties, a figure which is expected to increase in the coming years as the company continues to expand its footprint. The stock’s dividend yield was recorded at 4.31% on July 10.

In June, Credit Suisse named Realty Income Corporation (NYSE:O) one of the firm’s ‘Top Picks’ and initiated its coverage of the stock with an ‘Outperform’ rating and $75 price target.

As per Insider Monkey’s Q1 2022 database, 22 hedge funds held investments in Realty Income Corporation (NYSE:O), down from 30 funds a quarter earlier. The collective value of these investments stood at over $284.8 million.