This Magnificent Dividend Stock Could Easily Deliver a 10%-Plus Total Return in 2024
Realty Income (NYSE: O) has been a wealth-creating machine over the years. The real estate investment trust (REIT) has produced a 13.4% compound annual total return since its public market listing in 1994. Investors have grown richer thanks to its attractive, steadily rising dividend.
The REIT is in an excellent position to continue growing shareholder value in 2024. Here's a closer look at its value proposition.
Realty Income's dividend has been a big driver of its strong total returns over the years. The company has increased its payout 122 times since coming public, including by 3.2% over the past year. It currently pays a monthly dividend of $0.256 per share ($3.072 annually), giving it a 5.8% dividend yield at the recent share price.
Source Fool.com
