Realty Income Yields 5.7%. Here's What $2,500 in Yearly Dividend Income Would Cost You.
The popular REIT offers monthly distributions that are growing.
Realty Income, a leading real estate investment trust (REIT), offers investors a dependable source of passive income. Currently, the REIT boasts an impressive yield of over 5%, dwarfing its closest competitor in market capitalization. A key factor in Realty Income's success is its portfolio of properties filled with commercial tenants that enter into triple-net leases.
This arrangement means tenants are responsible for property taxes, insurance, and maintenance, leading to a stable and predictable revenue stream. Currently, to generate $2,500 in annual dividends, investors would need to purchase 768 shares of Realty Income, valued at $56.89 per share, resulting in an investment of approximately $43,692.
The REIT has a track record of consistently increasing its dividends for 31 consecutive years, with monthly distributions growing for an astounding 116 quarters. This long history of dividend growth, coupled with its strong portfolio and business model, makes Realty Income an attractive option for investors seeking reliable and growing passive income.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
