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Realty Income has paid $3 billion in monthly dividends

Realty Income Corp. (NYSE: O) reports it has paid more than $3 billion in monthly dividends to its shareholders since its founding in 1969.

The dividend has increased 75 times since October 1994 when the company began trading on the New York Stock Exchange, resulting in a compounded average annual growth rate of approximately 5 percent. The annualized dividend amount has grown from 90 cents per share in 1994 to $2.19 per share as of June 2014, an increase of 143.3 percent.

"Throughout our 45-year operating history, we have experienced a variety of economic environments and have managed the business to maintain the safety and the growth of our dividend over time," said CEO John P. Case in a statement.

Realty Income also announced the 66th consecutive quarterly dividend increase. To date, the company had paid 527 consecutive monthly dividends throughout its 45-year operating history.

The monthly income is supported by the cash flows from more than 4,200 (mostly single-tenant retail) properties owned under long-term lease agreements with regional and national retail chains and other commercial tenants. The company is an active buyer of net-leased properties nationwide.

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Realty Income Corp.

Company Website

600 La Terraza Blvd.
Escondido, CA 92025

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
O
48.61
  0.1  
+ 0.21%
3,772,121,000
55.54
43.15

Insider Trade Data

Date Insider Shares Type Value
06/22/2015 Mclaughlin, Gregory T 1,780 Sell $81,026
06/22/2015 Mclaughlin, Gregory T 1,780 Sell $81,026
06/08/2015 Israel, Robert J 3,313 Sell $151,967
06/08/2015 Israel, Robert J 3,313 Sell $151,967
06/05/2015 Huskins, Priya Cherian 7,500 Sell $337,500

Realty Income Corp. Executive(s):

Tom Lewis

  • Chief Executive Officer

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NAICS - 531120 - Lessors of Nonresidential Buildings (except Miniwarehouses)