Realty Income Corporation (NYSE:O) Announces $0.27 Monthly Dividend

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.27 per share by the real estate investment trust on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, February 27th.

Realty Income has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Realty Income has a dividend payout ratio of 214.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Realty Income to earn $4.32 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 75.0%.

Realty Income Trading Down 1.5%

NYSE:O traded down $0.97 during mid-day trading on Wednesday, reaching $65.52. The company’s stock had a trading volume of 1,230,475 shares, compared to its average volume of 6,546,898. The stock has a market cap of $60.27 billion, a P/E ratio of 60.67, a P/E/G ratio of 3.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The company’s fifty day simple moving average is $59.78 and its two-hundred day simple moving average is $58.94. Realty Income has a twelve month low of $50.71 and a twelve month high of $66.74.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.