Published - September 14th, 2023 @ 10:20 AM (GMT+2)
Realty Income's Dividend Milestone
Realty Income Corporation, an S&P 500 company, has announced its 122nd consecutive monthly dividend increase. The dividend has been raised from $0.2555 to $0.2560 per share, payable on October 13, 2023, to stockholders of record as of October 2, 2023. This marks the company's commitment to providing dependable monthly dividends that have increased for the 104th consecutive quarter.
Market Performance Amid Challenges
Despite experiencing its third consecutive day of losses, Realty Income's stock has outperformed some of its competitors. The stock closed at $55.06, which is $13.79 short of its 52-week high of $68.85.
Institutional Investments in Realty Income
BKA Wealth Consulting Inc. recently acquired 15,287 shares of Realty Income, valued at approximately $961,000. Other institutional investors like BlackRock Inc., Bank of America Corp DE, and Morgan Stanley have also increased their stakes in the company.
Brief Conclusion
Realty Income Corporation continues to solidify its reputation as a dependable dividend payer, even amid market volatility. The company's recent dividend increase and strong institutional backing underscore its resilience and long-term growth prospects.
The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
