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This Passive Income Stock Has an $800 Million Secret Weapon

TheMotleyFool

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This Passive Income Stock Has an $800 Million Secret Weapon: https://g.foolcdn.com/editorial/images/760375/woman-shopping-at-store-beauty-isle.jpg

There are a lot of great reasons to invest in Realty Income (NYSE: O), a real estate investment trust (REIT) that specializes in standalone locations for businesses like grocery stores, convenience stores, and drugstores.

First, it's been a great dividend stock to own throughout its history. The stock currently offers a 5.3% dividend yield, and it has raised its dividend for the past 104 quarters in a row.

Realty Income is also unique because it pays a dividend every month, making it a great Income stock for retirees and others who rely on dividend Income to pay monthly bills.

Source Fool.com

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