Realty Income Corporation (NYSE:O) to Issue Monthly Dividend of $0.27

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, June 9th. Shareholders 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) annualized dividend and a 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 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 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. 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 Stock Up 1.9%

O opened at $61.13 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a market capitalization of $57.01 billion, a PE ratio of 50.11, a PEG ratio of 4.69 and a beta of 0.72. The firm’s 50 day simple moving average is $62.38 and its two-hundred day simple moving average is $61.35.

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

About Realty Income

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.