On January 17th 2017 Realty income(O) decided to send more money my way in the form of a dividend raise.
This is the third raise i have recieved from them and the second raise this year that was anounced this year. This is the 90th dividend increase since Realty Income’s listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $2.526per share as compared to the current annualized dividend amount of $2.43 per share. Got to love companies that raise their dividend regularly especially these monthly ones as compounding happens quicker.
Since i own 13.2627 shares this will add 1.27 a year to my dividends not alot but you add a little here and a little there and it all adds up after awhile.
Time in the market is the best thing that will bring these dividends up and up and as each company raises its dividend eventually you hit the crossover point, where you own your time and money. I look forward to the day that every bill is paid and i have plenty of money to do whatever with it whether thats put it back in the stock market or whatever i choose.
Have you had any raises yet?