This More-Than 5%-Yielding Dividend Stock Just Keeps On Growing
Realty Income (NYSE: O) is a model of consistency. The real estate investment trust (REIT) has grown its earnings in 27 of the last 28 years. Meanwhile, the REIT has increased its monthly dividend for 30 straight years (including the last 107 consecutive quarters).
That steady growth has continued this year, and the REIT seems highly likely to keep growing in the future. That consistent growth (and its high-dividend yield of more than 5%) makes it attractive for those seeking a steadily rising income stream and compelling total-return potential.
Realty Income recently reported its second-quarter results. The REIT delivered a 6% increase in its adjusted funds from operations (FFO) for the period. That's an acceleration from the 5.1% adjusted FFO growth rate the REIT produced last quarter.
Source Fool.com