Dividend Aristocrat Realty Income Corporation (O) recently announced its 106th common stock monthly dividend increase, since 1994. The company will now pay $0.2330 per share compared with the previous monthly dividend of $0.2325.
The increased dividend will be paid on April 15, to shareholders on record as of April 1, 2020. The new annual dividend is $2.796 per share versus the prior rate of $2.79 per share. Based on the company’s share price of $42.50 on March 18th, the dividend yield is around 6.8%.
The stock price of Realty Income Corporation (O) is having a difficult time due to the corona-virus and dropped -22.90% yesterday and is YTD down more than 40%, as the chart below shows.
