Realty Income Corporation’s (O) Dividend History Makes It a Solid Income Stock

Realty Income Corporation (NYSE:O) is included among the 11 Best Income Stocks to Buy According to Hedge Funds.

Realty Income Corporation’s (O) Dividend History Makes It a Solid Income Stock

Aerial view of high-rise buildings representing the investing and ownership of Equity Real Estate Investment Trust.

Realty Income Corporation (NYSE:O) is an American real estate investment trust company. The company’s broad and varied portfolio produces steady and increasing cash flow, which supports both dividend payments and the growth of its global real estate holdings.

Realty Income Corporation (NYSE:O) has also moved into credit investments, such as real estate loans and preferred equity, and is introducing a private capital fund management platform. These new initiatives are creating additional investment opportunities. Backed by one of the strongest financial foundations in the REIT industry, the company is well-positioned to keep growing its portfolio while also boosting earnings and dividends.

Realty Income Corporation (NYSE:O) is committed to providing shareholders with reliable monthly dividends that increase over time, a goal it has consistently met. Since going public in 1994, the company has paid 661 consecutive monthly dividends and raised its payout 131 times. It has increased its dividend every quarter for 131 straight quarters and maintained annual dividend growth for 30 consecutive years. It currently pays a monthly dividend of $0.269 per share and has a dividend yield of 5.75%, as of July 31.

While we acknowledge the potential of O to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than O and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.