Commercial property and national retail chain REIT Realty Income (NYSE: O) announced yesterday its monthly dividend of $0.1818542 per share, the same rate it paid last month after raising the payout to investors 0.2% increase from $0.1815417 per share. It was the 73rd time the REIT has raised the monthly payout since it went public in 1994 and the current payout marks the 520th consecutive monthly dividend paid, living up to its marketing slogan, "the monthly dividend company."
The board also declared dividends on two classes of the company's preferred stock. The monthly dividend amount of $0.140625 per share on the Class E preferred stock equates to a $1.6875-per-share annual dividend while the monthly dividend amount of $0.138021 per share on the Class F preferred shares equates to a $1.65625-per-share annual dividend.
The board of directors said all the monthly dividends are payable on November 15 to holders of record at the close of business on November 1. The regular dividend payment equates to a $2.182-per-share annual dividend, yielding 5.3% based on the closing price today of Realty Income's stock.