finance fun fact

$O pays a MONTHLY dividend, and has done so consecutively for the last 29 years! Realty Income is an investor favorite for many reasons. There is a publicly traded stock that pays monthly dividends to its shareholders, and they have consistently increased the dividend for 104 consecutive quarters, or 29 consecutive years, without missing a beat. Not during covid, not during the GFC. I think many investors already know that this company is Realty Income, ticker $O - just the letter $O. Realty income is REIT, and operates 13,100 real estate properties, the majority of which are held under long-term net lease agreements. They have a very diverse geographical spread and base of tenants. But one thing you’ll notice is the vast majority of their tenants are retailers: grocery stores (e.g., $WMT), convenience stores (e.g., 7-11), and drug stores (e.g., $WBA $CVS). Many of these retailers are non-discretionary and have a low price point. Their properties have a remarkable 99% occupancy rate and its dividend track record proves how well managed the company is. The only knock investors would give is its slow growth rate, but even still, its 14.2% compound annual growth rate since its public debut on the NYSE in 1994 still beats the S&P 500’s returns. #StockMarket #RealtyIncome #MonthlyDividend #DividendStocks #PassiveIncome #DividendIncome #REITs #consistent