Realty Income raises monthly dividend to $0.2690 per share

SAN DIEGO - Realty Income Corporation (NYSE:O), currently trading at $57.35 and slightly overvalued according to InvestingPro’s Fair Value model, announced Tuesday a slight increase in its monthly cash dividend to $0.2690 per share from $0.2685 per share. The dividend will be payable on July 15, 2025, to stockholders of record as of July 1, 2025.

The new monthly dividend represents an annualized amount of $3.228 per share, up from the previous $3.222 per share, according to the company’s press release statement.

This marks the 131st dividend increase since Realty Income’s NYSE listing 30 years ago and continues the company’s streak of 660 consecutive monthly dividend payments. The company maintains an attractive 5.67% dividend yield, with InvestingPro analysis showing 32 consecutive years of dividend payments - discover 6 more exclusive ProTips with a subscription.

"The quality and diversification of Realty Income’s portfolio allows us to provide investors reliable monthly dividends that increase over time," said Sumit Roy, President and Chief Executive Officer of Realty Income.

Realty Income, which describes itself as "The Monthly Dividend Company," is an S&P 500 company that invests in commercial real estate. As of March 31, 2025, the company’s portfolio included over 15,600 properties across all 50 U.S. states, the United Kingdom, and six other European countries.

The company has increased its dividend for 30 consecutive years, earning it a place in the S&P 500 Dividend Aristocrats index.

In other recent news, Realty Income Corporation reported its first-quarter 2025 earnings, revealing a miss on earnings per share (EPS) expectations. The company reported an EPS of $0.28, which fell short of the $0.35 forecast by analysts. However, Realty Income’s revenue for the quarter was $1.38 billion, surpassing the expected $1.27 billion. The company also invested $1.4 billion at a 7.5% yield, focusing on defensive retail sectors and European market expansion.

Additionally, Realty Income announced an amendment to its 2021 Incentive Award Plan for non-employee directors, which was approved by stockholders. This amendment changes the compensatory arrangements, aligning director interests with stockholders by granting shares based on the company’s stock price. Furthermore, the company ratified KPMG LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2025.

In terms of governance, Realty Income confirmed the election of 10 directors to serve until the 2026 annual meeting. The directors elected include notable names such as Priscilla Almodovar and Sumit Roy. The company remains focused on strategic investments, with a projected AFFO per share between $4.22 and $4.28 for 2025, and an expected investment volume of $4 billion. Despite missing EPS expectations, Realty Income’s strategic initiatives and revenue growth highlight its operational resilience.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.