This 6.3%-Yielding Dividend Stock Has Set Its Sights on a $2 Trillion Market Opportunity

Realty Income (NYSE: O) has a remarkable growth track record. The real estate investment trust (REIT) has delivered positive earnings-per-share growth in 26 of its 27 years as a publicly traded company. Meanwhile, it has increased its 6.3%-yielding dividend every single year.

Acquisitions are the REIT's primary growth driver at about two-thirds of its total earnings growth. It has a long growth runway ahead, which it continues to lengthen by expanding into new property types. A big one it has started targeting more recently is the $2 trillion consumer-centric medical real estate market.

Realty Income defines consumer-centric medical real estate as stand-alone properties that provide healthcare products or services to humans or animals. This property category includes pharmacies, dialysis centers, eye care, dental care, pediatric care, and pet supplies and services.

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Source Fool.com