Realty Income Corporation (NYSE:O) Raises Dividend to $0.27 Per Share

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 30th will be given a dividend of 0.271 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Tuesday, June 30th. This is a 0.2% increase from Realty Income’s previous monthly dividend of $0.27.

Realty Income has raised its dividend payment 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 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. Equities research analysts expect Realty Income to earn $4.58 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 70.7%.

Realty Income Price Performance

Realty Income stock opened at $61.13 on Wednesday. Realty Income has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a market cap of $57.01 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 4.69 and a beta of 0.72. The firm’s fifty day moving average is $62.38 and its 200 day moving average is $61.35. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts forecast that Realty Income will post 4.44 EPS for the current fiscal year.

Realty Income Company Profile

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.