So yesterday the board of directors decided to send more money my way. I love it when that happens. Who does not like raises? We all should.
SAN DIEGO, June 15, 2017 /PRNewswire/ — Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2115 per share from $0.211 per share. The dividend is payable on July 14, 2017 to shareholders of record as of July 3, 2017. This is the 92nd dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for July’s dividend is June 29, 2017. The new monthly dividend represents an annualized dividend amount of $2.538 per share as compared to the current annualized dividend amount of $2.532 per share.
“We are pleased that our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend we pay to our shareholders,” said John P. Case, Chief Executive Officer of Realty Income. “With the payment of the July dividend, we will have made 564 consecutive monthly dividend payments and paid over $4.8 billion in dividends throughout our 48-year operating history.
This is how its done small little increases that add up over time. and add up they all sure do as you can see month by month stocks that pay dividends grow.
Since i own 13.5 shares this will increase my dividends by just a little amount of .081 cents a year. This is the third raise for this year
OHI 2.03 2nd raise
announced last year effective this year
The total is 39.37 in raises so far.
That is 39.37 dollars i did not have to work for just put a little money down on a company i trusted and they reward with a raise every so often. This is how we reach FI is we will eventually get to the crossover point where our dividends pay for what we them to pay for. no matter what your goal is, this is excirting to watch.
Have you had any raises lately?
Disclaimer: long all stocks mentioned