Sunday, July 5, 2020

Dividend raise: Realty Income

Recently Realty Income Corporation (Realty Income, NYSE: O) announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2335 per share from $0.233 per share. This raise adds a whopping € 0,14 to my annual dividend income. Ka-ching!


All jokes aside, Realty Income increases their dividend on more than one occasion each year. Last year they raised the dividend 5 times. This is their fourth raise already in 2020. Hopefully there's more to come this year!




So far this is my 17th dividend raise (and two cuts). The Royal Dutch Shell dividend cut still stings and weights heavily on the dividend growth this year. All the raises combined added roughly € 95 to my annual dividend income, however the two cuts decreased my dividend income with more than € 170, for a net reduction of € 77. Let's what the rest of 2020 brings us. I'll keep you updated!

Did you like the dividend raise of O? Do you think the dividend is safe during COVID-19 times? 

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