Realty Income Corporation (O) To Go Ex-Dividend on March 31st

Realty Income Corporation (NYSE:O) announced a monthly dividend on Wednesday, March 11th. Investors of record on Tuesday, March 31st will be given a dividend of 0.2705 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Price Performance

Shares of O opened at $60.73 on Friday. The company has a market cap of $56.62 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 4.49 and a beta of 0.77. Realty Income has a twelve month low of $50.71 and a twelve month high of $67.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $63.52 and a two-hundred day moving average of $60.12.

Realty Income (NYSE:O) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, analysts predict that Realty Income will post 4.19 earnings per share for the current fiscal 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.