Dominion and Realty Income Increase Dividend Payouts

Dominion (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 (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).

Comments

[User 283977:]

Good information... thank you.

2008 Dec 29 10:28 AM

[jimslag:]

Hi, Read your article but you are wrong on the D dividend. Dominion raised their dividend from 39.5 cents to 43.75 cents per their news release on December 19th, 2008. This happens to be the 11% raise. Check your facts. Thanks.

2008 Dec 29 03:02 PM

[Old Trader:]

istarted,

I've actually owned O for several years, and added substantially to my position on recent weakness. The retail properties are not of the "big box" variety, and the properties are diversified by type (retail, child care, heatlth care, etc.). The company is in good shape, in terms of debt structure (they've not got any debt to roll over for several years), and the pay-out ratio is conservative, and well covered by FFO.

old trader

2008 Dec 31 01:41 AM