Realty Income Expected Dividend Increase for 2024

Thursday, 16 May 2024, 10:41

Realty Income, a leading dividend stock, is projected to continue its upward dividend trend in 2024. With a solid track record of growing dividends and plans for strategic acquisitions, investors can expect a higher dividend payout this year. Find out how Realty Income's dividend outlook for 2024 shapes up and what it means for investors.
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Realty Income Expected Dividend Increase for 2024

A look at Realty Income's dividend

Realty Income paid a total of $2.1 billion in dividends in 2023, marking a 16.5% increase from the previous year. Since its public listing in 1994, the REIT has paid out nearly $13 billion to investors.

On a per-share basis, the dividend rose by 2.8%, reaching an annualized rate of $3.078. However, due to issuing new shares to fund real estate investments, the outstanding shares increased by 13.2%.

  • The $9.3 billion all-stock acquisition of Spirit Realty is expected to drive further growth in outstanding shares.
  • Realty Income made cash distributions of $636.5 million to investors in the first quarter of 2024.

With a goal of increasing the per-share rate and making strategic investments, the REIT is likely to pay out more than $2.5 billion in dividends this year.

A dividend-paying machine

If you seek a steadily rising monthly income stream, investing in Realty Income might be a wise choice. The stock is poised to offer a higher dividend this year, making it an attractive option for income-seeking investors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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