Escondido’s Realty Income (NYSE: O) announced its 530th consecutive common stock dividend -- amounting to 18.3 cents per share, or an annualized $2.19 per share -- after trading closed on Thursday night, as well as issuing dividends on its Class E and Class F preferred stock.
Although the dividend was no surprise for anyone following the real estate investment trust, the financial news site Benzinga used the occasion to issue a glowing report on the company. Benzinga noted that so far this year, Realty Income has been the second-best performing REIT on the market, with a 25.3 percent return that is exceeded only by the 28.3 percent return from National Retail Properties (NYSE: NNN) and closely followed by 24.5 percent return at Spirit Realty Capital (NYSE: SRC).
In comparison, the Standard & Poor’s 500 index has returned 7.5 percent so far this year.
600 La Terraza Blvd.
Escondido, CA 92025