Dividend raise O and BAC

imageSAN DIEGO, June 19, 2018 /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 $0.22 per share from $0.2195 per share. The dividend is payable on July 13, 2018 to shareholders of record as of July 2, 2018. This is the 97th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for July’s dividend is June 29, 2018. The new monthly dividend represents an annualized dividend amount of $2.64 per share as compared to the current annualized dividend amount of $2.634 per share.

I have 32 shares of O it dropped because of the anticipated switch from Capital one to Merrill edge but if the price is right i will buy more. In this case every cent counts and it does. this isnt a large raise, but they consistantly raise their dividend throughout the year. This will result in an increase of .192 cents a year nit much but ever raise counts and  over time these raises add up.

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BAC dividend increase

Missed this one when it came out. i heard people talk that they planned on it but never saw an official declaration till they announced the dividend yesterday guess right after passing the stress test they announced this dividend. Of course with any dividend increase it is always welcome. I honestly did not think they would raise it this much i figured about .002 cents a quarter maybe but i was wrong. always good to be wrong

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