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

Realty Income Corporation (NYSE:OGet Free Report) declared a monthly dividend on Tuesday, July 7th. Stockholders of record on Friday, July 31st will be given a dividend of 0.271 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, July 31st.

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 31 consecutive years. Realty Income has a dividend payout ratio of 215.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Realty Income to earn $4.60 per share next year, which means the company should continue to be able to cover its $3.25 annual dividend with an expected future payout ratio of 70.7%.

Realty Income Stock Up 1.3%

NYSE:O opened at $64.00 on Wednesday. The stock has a 50-day simple moving average of $61.99 and a 200 day simple moving average of $62.03. 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 $59.68 billion, a PE ratio of 52.46, a PEG ratio of 4.93 and a beta of 0.72. 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 (NYSE:OGet Free Report) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 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 return on equity of 2.80% and a net margin of 18.94%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, sell-side analysts expect that Realty Income will post 4.45 EPS for the current fiscal year.

Realty Income Company Profile

(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.

Further Reading

Dividend History for Realty Income (NYSE:O)

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