This Dividend Stock Has Paid Shareholders Every Month for 30+ Years. It's Not Done Yet.

Realty Income (NYSE: O) could beryllium an fantabulous mode to adhd income to your portfolio, particularly portion we're inactive successful a high-rate environment. As I'm penning this, the existent property concern trust, oregon REIT, with much than 15,500 properties successful its portfolio, has a 5.2% dividend yield, which it pays successful monthly installments.

I've written respective times that I judge Realty Income could beryllium the champion all-around dividend banal successful the market. It has a large operation of semipermanent maturation potential, dependable income, and debased volatility.

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An unthinkable dividend past

When it comes to income, the header of this nonfiction doesn't adjacent archer the afloat story. Realty Income went nationalist connected the NYSE successful 1994 and has paid dividends each period since then, which is wherever the "30+ years" comes from. But the institution was really formed successful 1969 (it conscionable wasn't listed connected a large exchange) and has been paying monthly since then. In all, Realty Income has made 672 consecutive monthly dividend payments. I'll prevention you the math. That's 56 years of dividends, each azygous month.

Realty Income not lone has a stellar way grounds of paying dividends. It besides increases them regularly. In fact, Realty Income has declared its 135th dividend summation since listing connected the NYSE successful 1994. The institution has consistently grown its dividend astatine a complaint of much than 4% annually, truthful not lone volition you get an fantabulous income stream, but 1 that should proceed to turn faster than ostentation implicit time.

Why Realty Income is simply a bulletproof dividend banal

As mentioned, Realty Income owns much than 15,500 properties (15,571 to beryllium exact) successful the U.S., U.K, and different European countries. It leases these properties to astir 1,800 antithetic tenants, mostly successful the retail industry.

However, don't beryllium disquieted astir the cyclical quality of retail. Realty Income's tenants each autumn into astatine slightest 1 of 3 categories:

• Non-discretionary: Retailers that merchantability things radical need.

• Low-price: Retailers that merchantability discounted products. These thin to clasp up good successful pugnacious economical conditions.

• Service-based: Businesses that merchantability services, not carnal products. These aren't easy disrupted by e-commerce headwinds.

Not lone that, but Realty Income's tenants motion triple-net leases that necessitate the tenants to screen taxes, insurance, and astir attraction expenses. These leases are mostly 10 oregon much years successful length, with yearly rent increases built in, allowing Realty Income to fastener successful a growing, predictable income watercourse for the agelong term. Plus, there's semipermanent upside imaginable arsenic the underlying existent property assets summation successful value.