This Exceptional Dividend Stock's Buy Case Keeps Getting Better
Realty Income (NYSE: O) is among the best dividend stocks. The real estate investment trust (REIT) has paid 632 consecutive monthly dividends. It has increased its dividend payment 119 times since its public market listing in 1994 -- including for the last 101 straight quarters -- raising it at a 4.4% compound annual rate.
The company is making more and more larger-scale deals, which improve investment returns and allow more income to flow through to its bottom line. These factors should enhance its ability to increase the dividend in the future.
Realty Income recently revealed its latest transaction. The company has agreed to acquire up to 415 single-tenant convenience store properties in the U.S. in a $1.5 billion sale-leaseback transaction with U.K.-based convenience store operator EG Group. Over 80% of the properties operate under the Cumberland Farms brand, with roughly the same percentage located in the Northeast. The properties have a weighted average initial lease term of 20 years.
Source Fool.com
