Realty Income hikes dividend by 0.2%

 On December 14, 2022,  Realty Income Corporation (O) announced another 0.2% dividend increase to $0.2485 monthly per share. The dividend is payable on January 13, 2023, to stockholders of record as of January 3, 2023. This is the 118th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for January's dividend is December 30, 2022. The new monthly dividend represents an annualized dividend amount of $2.982 per share as compared to the prior annualized dividend amount of $2.976 per share.

"Realty Income is committed to paying stockholders a monthly dividend that increases over time. I'm pleased that our Board of Directors has determined to increase the amount of the dividend this month," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Today's dividend declaration represents the 630th consecutive monthly dividend throughout our 53-year operating history."

Realty Income Corporation is a real estate investment trust (REIT) with properties owned under long-term lease agreements with regional and national commercial tenants. The company has tenants active in 48 segments, including Apparel, Automotive tire services, Beverages, Child care, Convenience stores, Dollar stores, Drug stores, Financial services, Food processing, Grocery stores, Health and fitness, Health care, Home improvement, Restaurants-casual dining, Restaurants-quick service, Sporting goods, Theaters, Transportation services and Wholesale club. The company's biggest tenants include Walgreens, 7-Eleven, FedEx, LA Fitness, AMC Theaters and Dollar Tree (including Family Dollar Stores).