Realty Income Corporation (O) to Issue Monthly Dividend of $0.27 on January 15th

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.27 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, December 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 every year for the last 1 years. Realty Income has a dividend 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. 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 Stock Up 0.0%

Shares of O opened at $56.70 on Monday. The company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 3.56 and a beta of 0.80. Realty Income has a 52 week low of $50.71 and a 52 week high of $61.08. The stock’s 50-day moving average price is $57.53 and its 200-day moving average price is $58.05. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

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