Realty Income raises monthly dividend to $0.268 per share

SAN DIEGO - Realty Income Corporation (NYSE: NYSE:O), known as The Monthly Dividend Company®, has declared a slight increase in its monthly cash dividend for common stockholders. The company, currently valued at $48.9 billion and offering a 5.74% dividend yield, continues to demonstrate strong financial performance with impressive gross profit margins of 92.76%. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value model. The company announced the dividend will rise from $0.264 to $0.268 per share, marking the 129th dividend increase since its 1994 listing on the New York Stock Exchange.

The raised dividend is payable on March 14, 2025, to shareholders of record as of March 3, 2025. This increment translates to an annualized dividend amount of $3.216 per share, up from the previous $3.168 per share. The company’s strong dividend performance is supported by robust revenue growth of 28.86% over the last twelve months. InvestingPro subscribers can access additional insights through comprehensive Pro Research Reports, which provide detailed analysis of the company’s financial health and growth prospects.

Sumit Roy, the company’s President and CEO, commented on the dividend increase, stating, "Realty Income’s ability to consistently deliver monthly dividends that increase over time is a testament to the dynamic platform we have built." He highlighted the company’s history of dividend growth, noting this latest increase as the 110th consecutive quarterly rise since their NYSE debut and the 656th consecutive monthly dividend over their 56-year operating history.

The March dividend represents a 1.5% increase from the previous month, reflecting what Roy describes as the "stable cash flow" from Realty Income’s diversified property portfolio. The company’s investment strategy focuses on commercial real estate across the U.S., the U.K., and several European countries, with over 15,450 properties to date. InvestingPro data reveals the company maintains a healthy current ratio of 2.29, indicating strong liquidity to meet its short-term obligations. InvestingPro subscribers have access to 8 additional key insights about Realty Income’s financial position and market outlook.

Realty Income’s commitment to regular dividend growth has been a cornerstone of its identity in the real estate investment trust (REIT) sector. It is a member of the S&P 500 Dividend Aristocrats® index, recognized for increasing its dividend annually for the last 30 years.

The information provided in this article is based on a press release statement from Realty Income Corporation.

In other recent news, InPoint Commercial Real Estate Income, Inc. announced significant cash distributions for the year ending December 31, 2024. The company reported that common stockholders received approximately $12.6 million, while preferred stockholders were allocated about $6.0 million in cash distributions. For tax purposes, nearly all common stock distributions are classified as nondividend distributions, which are generally treated as a return of capital. In contrast, the preferred stock distributions are entirely considered ordinary dividends. The company’s filing detailed the monthly cash distributions, with common stock distributions ranging from $0.0916 to $0.1042 per share, mostly treated as a return of capital. Preferred stockholders consistently received $0.4219 per share, classified as ordinary dividends. Stockholders are encouraged to consult with tax advisors to understand the specific tax implications of these distributions. This information was disclosed in a press release statement filed with the Securities and Exchange Commission.

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