The new dividend rate translates to an annualized payout of $3.25 per share. Based on the closing share price of $59.99 recorded this Tuesday, the stock currently offers a dividend yield of 5.3%. Investors on the company's books as of June 30 will receive the payment on July 15.
Realty Income Boosts Monthly Dividend for 135th Time
Realty Income has nudged its monthly cash dividend upward by 0.2%, raising the payout to 27.10 cents per share from the previous 27.05 cents. This incremental adjustment marks the 135th time the real estate investment trust has increased its distribution to shareholders since debuting on the New York Stock Exchange in 1994.
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