Seeking Alpha

Realty Income Corp declares $0.18248 dividend

  • Realty Income Corporation (O) declares $0.18248/share monthly dividend, 0.2% increase from prior dividend of $0.18217.
  • Forward yield 5.23%
  • Payable April 15; for shareholders of record April 1; ex-div March 28.
Comments (16)
  • Truebluealpha
    , contributor
    Comments (39) | Send Message
     
    Haven't yet decided what to do with all the extra cash.
    12 Mar, 06:58 AM Reply Like
  • norteamericano
    , contributor
    Comments (45) | Send Message
     
    Well, if you own 10,000 shares you could enjoy a meal from the dollar menu of your favorite fast food joint.
    Otherwise, maybe a stick of gum...
    12 Mar, 09:17 AM Reply Like
  • Stephen Mayo
    , contributor
    Comments (311) | Send Message
     
    A .2% increase?

     

    Management must have no idea how weak that makes them look. Not enough horsepower for a decent increase, and not enough guts to hold off.

     

    A token act is just that, a token.
    12 Mar, 08:28 AM Reply Like
  • ads7w6
    , contributor
    Comments (33) | Send Message
     
    Since they raise it every quarter, if they raised it .2% every time that would be 2.43% a year. Still, not very good growth but it's not like they are raising it .2% and then not again for a year.
    12 Mar, 08:47 AM Reply Like
  • Slick E
    , contributor
    Comments (117) | Send Message
     
    Maybe I'm just mentally whiffing on this, but if they raise it .2% each quarter, doesn't that only come out to just over a .8% raise for the year? 1.002 ^ 4 = 1.008024

     

    It sounds like you're giving them credit for a .2% raise every MONTH, but again, apologies if I'm overlooking something.
    12 Mar, 09:42 AM Reply Like
  • csv26
    , contributor
    Comments (51) | Send Message
     
    Thanks for proving you know nothing.

     

    This is how they roll. Very, very small increases very, very often (excluding the pick acquisition mediated increase a couple months ago).
    It has served shareholders quite well.

     

    Pipe down now, let those who research the stocks we buy consider this info.
    12 Mar, 12:15 PM Reply Like
  • Qniform
    , contributor
    Comments (2452) | Send Message
     
    Just because it's a squalid increase, there's no need to be rude. Telling someone to pipe down - were you so very helpful? That's how you roll, eh?
    12 Mar, 12:34 PM Reply Like
  • Stephen Mayo
    , contributor
    Comments (311) | Send Message
     
    Demeaning comments aside, even if this turns into a 2.43% increase for the year, it's still underwhelming.

     

    But I'll pipe down and look forward to your research. Maybe.
    12 Mar, 04:44 PM Reply Like
  • Slick E
    , contributor
    Comments (117) | Send Message
     
    As stated, a series of .2% raises wouldn't lead to a 2.43% annual raise, it would lead to a 0.80% annual raise. It's odd seeing people giving Likes to basic math that is wrong while ignoring the post after it that points it out.

     

    As pointed out, you'd need twelve .2% raises to get to 2.43%. O gives four raises per year.

     

    The previous raise in December was less than .2%, so I think it's fair to question why these raises are so paltry. Using 2.43% as an annualized number DRAMATICALLY overstates the size of the increases thus far this year.

     

    After the dividend was raised to 18.1 cents at the beginning of 2013, it will have failed to crack 18.3 cents through May of 2014. That despite "raising" the dividend five times!
    12 Mar, 11:58 PM Reply Like
  • norteamericano
    , contributor
    Comments (45) | Send Message
     
    That sweet monthly yield just got a little sweeter.
    12 Mar, 09:15 AM Reply Like
  • Robert Molzahn
    , contributor
    Comments (84) | Send Message
     
    This is O's 75th increase since 1994. That's about 3.75 increases per year or about 1 increase per quarter. When you display your dividend using 4 digits to the right of the decimal point those increases can be fairly thin. "75 dividend increases" makes good copy to their investors. Good thing they are not slicing bread.
    12 Mar, 09:16 AM Reply Like
  • Landsharks6
    , contributor
    Comments (97) | Send Message
     
    Well some bread is better than no bread, at least they are consistent 7 we know what we are getting...
    12 Mar, 05:15 PM Reply Like
  • maybenot
    , contributor
    Comments (3297) | Send Message
     
    The usual for O. And it gives every month. Not bad.
    12 Mar, 09:42 AM Reply Like
  • Landsharks6
    , contributor
    Comments (97) | Send Message
     
    Indeed , I will take it...
    12 Mar, 05:16 PM Reply Like
  • SenBiden
    , contributor
    Comments (29) | Send Message
     
    This increase is probably more symbolic than substance. With the effect of the recent Radio Shack and Staples closings announcements on the REIT stocks in general and O in particular, perhaps management wants to make the statement "we have the cash flow to keep increasing the dividend now and into the future." (well-timed if true)
    12 Mar, 02:22 PM Reply Like
  • Uain53
    , contributor
    Comments (1346) | Send Message
     
    It seems to me one would hold (O) as a bond proxy that gives slight increase each year. If I re-invest my 5+% for free in new shares, it stays well ahead of the "official" inflation rate. Not so much for a bond at 2-3ish%.

     

    I am still in accumulation, I re-invest my (O) for the next 5-7 yrs.
    If I were in distribution, I would probably still hold at least some for income.
    13 Mar, 01:20 AM Reply Like
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