Realty Income (O) Declares 673 Consecutive Monthly Dividends

Realty Income Corporation (NYSE: O) has declared 673 consecutive monthly dividends since 1969 and has increased its dividend for 115 consecutive quarters. The monthly dividend is currently $0.271 per share, translating to an annualized payout of $3.252, offering a dividend yield of over 5%. As of the second quarter, Realty Income reported an adjusted funds from operations (AFFO) of $1.09 per share, a 3.8% increase year-over-year, with a payout ratio of 74.5%. The company's occupancy rate was 98.8%, highlighting its stable cash flow and real estate portfolio. This matters for investors seeking regular income as the reliable dividend stream may offer returns even without significant stock price appreciation.