Realty Income Corporation (O) to Issue Monthly Dividend of $0.27 on June 15th

Realty Income Corporation (NYSE:O – Get Free Report) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, May 29th will be given a dividend of 0.2705 per share by the real estate investment trust on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, May 29th.

Realty Income has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Realty Income has a dividend payout ratio of 214.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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%.

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Realty Income Stock Up 0.8%

Realty Income stock opened at $62.49 on Wednesday. The company has a 50-day simple moving average of $62.61 and a 200-day simple moving average of $61.08. The firm has a market capitalization of $58.27 billion, a P/E ratio of 51.22, a P/E/G ratio of 4.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income has a one year low of $55.52 and a one year high of $67.93.

Realty Income (NYSE:O – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities analysts expect that Realty Income will post 4.45 earnings per share for the current year.

About Realty Income

(Get Free Report)

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.

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