Saturday, February 2, 2013
Realty Income(O) Dividend Increase
Just wanted to take a moment to recognize Realty Income(O) for its whopping 19.3% dividend increase in January. I meant to talk about it during my dividend income report. Here is a link to their investing page which has some good links as well. This company has some amazing numbers behind it when it comes to taking care of it shareholders. Here is a Seeking Alpha article discussing the dividend raise and the reasons behind it. Whenever I discuss this company, it always seems to be near or at its all time high, and I always caution it may not be the best possible buy right now. Its P/E is 51 as of today, which is extraordinarily high. So, proceed with caution, as always. However, its a monthly payer, has a 5% yield, has been raising its payout for a very long time, and seems almost fanatically obsessed with taking care of its shareholders. Its one of my core holdings, and I am not squeamish about buying more in the future.