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

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.27 per share by the real estate investment trust on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, January 30th.

Realty Income has raised its dividend payment 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Realty Income to earn $4.32 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 75.0%.

Realty Income Stock Up 0.5%

NYSE:O opened at $59.17 on Wednesday. The stock has a 50-day simple moving average of $57.17 and a 200 day simple moving average of $58.06. Realty Income has a 52-week low of $50.71 and a 52-week high of $61.08. The company has a market cap of $54.43 billion, a PE ratio of 54.79, a PEG ratio of 3.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, sell-side analysts expect that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Company Profile

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.