Realty Income made a recent announcement. The company declared that its dividends generated a five percent increase, which has sparked stability for the region.
A recent article reported by PR NewsWire showed that Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, announced of an increase in the company's common stock monthly cash dividend to $0.1985 per share from $0.191 per share.
The same report also indicated that the dividend is payable by Feb. 16, 2016 to shareholders of record as of Feb. 1, 2016. Furthermore, this is the 84th dividend increase for Realty Income's listing on the NYSE since 1994.
On the other hand, the monthly dividend represents an annualized dividend amount of $2.382 per share in comparison to the current annualized dividend amount of $2.292 per share. In addition, based on the recent data reported by the Realty Income's Official Website, there is also a dividend on the company's Monthly Income Class F preferred stock.
The monthly dividend amount is $0.138021 on the Class F preferred shares, in which the annualized dividend amount for the Class F preferred shares, is expected to be $1.65625 per share.
Even John P. Case, Chief Executive Officer of Realty Income stated, "We are pleased that the continued strength in our operations allows us to increase the amount of the dividend we pay to our shareholders, while still maintaining a comfortable dividend coverage ratio. With the payment of the February 2016 dividend, shareholders will enjoy an increase of five percent in the amount of their dividend, as compared to the same month in 2015."
It stands out that with the increasing growth of the company, Realty Income signifies the effective strategies of the firm in ensuring solidity in all of its transactions. The growth also implies that the company is enforcing its methods to survive and thrive in the turbulent waters of the real estate market.
