Realty Income (O): The Reliable REIT Powering 30 Years of Dividend Increases

Core Insights - Realty Income Corporation (NYSE:O) is recognized as one of the Top 15 Growth Stocks for Long-Term Investors [1] - The company is a leading real estate investment trust (REIT) with a diversified property portfolio across various sectors, ensuring consistent rental income through its net lease model [2][3] Financial Strength - Realty Income maintains a strong balance sheet, allowing for steady growth in both its property portfolio and dividend payments [3] - The company distributes approximately 75% of its adjusted funds from operations as dividends, which is a conservative approach for a REIT, enabling reinvestment in income-producing properties [3] Dividend Performance - Realty Income has a notable dividend track record, having increased its dividend 132 times since its public debut in 1994, with 112 consecutive quarterly raises and 30 years of growth [4] - The average annual dividend growth rate since going public is 4.2%, and the company currently offers a monthly dividend of $0.2695 per share, resulting in a dividend yield of 5.55% as of October 12 [4]