Realty Income Stock News

Realty Income had every a dividend investor wants: a high yield, strong finances, and solid growth prospects.

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This real estate investment trust is poised to deliver above-average dividends.

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SAN DIEGO , Nov. 8, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has declared the 653rd consecutive common stock monthly dividend. The dividend amount of $0.2635 per share, representing an annualized amount of $3.162 per share, is payable on December 13, 2024 to stockholders of record as of December 2, 2024.

Over the past ~ 30 day period, O has lost about 8% of its market cap. Most of this is related to rising long-term yields. At the same time, if we look deeper into O's financials, the things remains solid, and the outlook for growth is attractive.