1 Dividend Stock to Hold for the Next 10 Years

分组1 - The stock market has experienced significant volatility, with the S&P 500 index losing 4.2% year-to-date through March 23 [1] - A long-term investing mindset is emphasized as short-term market movements tend to smooth out over time [1] 分组2 - Realty Income is identified as a real estate investment trust (REIT) that must pay out at least 90% of its taxable income, making it attractive for dividend-seeking investors [4] - The company primarily owns retail properties, with over 79% of its rental income coming from this sector, demonstrating resilience by renting to stable businesses like grocery and home improvement stores [5] - Realty Income has maintained high occupancy rates of nearly 99% as of December 31, and has consistently achieved higher rents on renewed leases, with a 3.9% increase last year [6] 分组3 - The adjusted funds from operations (AFFO) per share grew about 2% last year, from $4.19 to $4.28, with management expecting a 2.3% to 3.3% increase this year [7] - Realty Income's AFFO comfortably covers its annual dividend of $3.25, indicating potential for future dividend increases [7] - The company has a long history of raising dividends, with 114 consecutive quarters of increases and a recent increase in April's payout from $0.27 to $0.2705 [8] 分组4 - The stock currently offers a 5.4% dividend yield, significantly higher than the S&P 500's yield of 1.2% and the FTSE Nareit All Equity REITs Index's yield of 3.7% [9]