Dominion and Realty Income Increase Dividend Payouts

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 |  Includes: D, O
by: Dividend Growth Investor

Dominion (NYSE:D), which provides electricity, natural gas, and related services to customers , announced that its Board has approved an 11% increase in its quarterly dividend from $0.46 to $0.47 per common share. Dominion Corporation has consistently increased its dividends since 2005. The stock currently yields 4.50%.

Realty Income (NYSE:O), the monthly dividend real estate company dedicated to providing shareholders with dependable income, announced that its Board has approved an increase in its monthly dividend from $0.141125 to $0.14175 per common share. Realty Income is a dividend achiever which has increased its dividends several times per year since 1994. The stock currently yields 6.90%. You could check my analysis of the stock from this link. To date the Company has declared 462 consecutive common stock monthly dividends throughout its 39-year operating history and increased the dividend 52 times since Realty Income's listing on the New York Stock Exchange in 1994.

Disclosure: Long Realty Income (O).