This Phenomenal 5.6%-Yielding Dividend Stock Remains Unstoppable
Realty Income (NYSE: O) has been a phenomenal dividend stock over the decades. The real estate investment trust (REIT) recently declared its 639th consecutive monthly dividend.
Since the company went public in 1994, every single one of its payments has either matched the prior level or risen. That's a remarkable record of consistency and durability, given the cyclical nature of the real estate industry.
The company recently declared its latest dividend increase. It marks the 122nd raise the REIT has given investors since its public market listing. That also extended its streak of quarterly dividend increases to 104.
Source Fool.com
