This 5.6%-Yielding Dividend Stock Continues to Do an Incredible Job of Supplying Its Investors With More Income
Realty Income (NYSE: O) is an incredible dividend stock. The real estate investment trust (REIT) goes far above and beyond other dividend payers. It pays a monthly dividend (instead of quarterly payouts), offers a high yield (5.6% versus 1.5% for the S 500), and routinely increases its payment (every quarter for more than a quarter century compared to annual increases).
The REIT should be able to continue providing its investors with more income in the future. That makes it an ideal option for those seeking to generate some passive income.
Realty Income recently raised its dividend for the fifth time this year. While it was a modest pay bump (0.2% above the prior payment level), Realty Income has increased its dividend by 3.2% over the past year. The latest increase was the company's 123rd since coming public in 1994:
Source Fool.com