This Magnificent Dividend Stock Has Now Increased Its 5.6%-Yielding Monthly Payout 130 Times

Realty Income (NYSE: O) is on a mission to invest in places that enable it to deliver a dependable monthly dividend to its investors that increases over time. The real estate investment trust (REIT) has succeeded in its mission over three decades as a public company and recently declared its 130th dividend increase since coming public in 1994. While its latest raise was relatively modest, it has continued to steadily increase its payout through good times and more challenging periods. The REIT firmly expects that upward trend to continue, making it a great stock to buy for a lucrative and rising passive-income stream.Realty Income recently declared its latest monthly dividend payment of $0.2685 per share ($3.222 annualized). That's a modest 0.2% increase from last month's level. However, it had raised its payment by 1.5% just last month and by 4.5% over the past year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool