Another dividend increase from the monthly dividend company.
SAN DIEGO, June 11, 2019 /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 $0.2265 per share from $0.226 per share. The dividend is payable on July 15, 2019 to shareholders of record as of July 1, 2019. This is the 102nd dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for July’s dividend is June 28, 2019. The new monthly dividend represents an annualized dividend amount of $2.718 per share as compared to the current annualized dividend amount of $2.712 per share.
The great thing is that while the increases are small they raise them once a quarter. So these increases add up after awhile.
Every dividend raise i gets puts me one step closer to what i want every thing paid for and few extra dollars all from dividends. the fastest way to get this is through dividend raises.
Since i own 38 shares of O I will get $.228 a year. A good raise that someday will turn into something bigger.
So what does this mean for me? It means more money in my pocket or to be used to buy another stock. Who does not like more money.
Main $6.48 2nd raise
O $.228 3rd raise
O $2.052 2nd raise
2019 total increases $122.39
Have you had any raises lately?