Realty Income Corporation (NYSE:O) noted trading -8.77% off 52-week high price. On the other end, the stock has been noted 18.18% away from the low price over the last 52-weeks. The stock transacted 1490799 shares during most recent day however it has an average volume of 1.86M shares. The company has 323.75M of outstanding shares and 323.75M shares were floated in the market.
On Jan. 14, 2020, Realty Income Corporation (NYSE:O) The Monthly Dividend Company®, released its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2325 per share from $0.2275 per share. The dividend is payable on February 14, 2020 to shareholders of record as of February 3, 2020. This is the 105th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for February’s dividend is January 31, 2020. The new monthly dividend represents an annualized dividend amount of $2.79 per share as compared to the current annualized dividend amount of $2.73 per share.
The continued strength of our operating performance has allowed us to increase the dividend for the 105th time since our company’s public listing in 1994, said Sumit Roy, President and Chief Executive Officer of Realty Income. We continue to maintain a conservative payout ratio and remain committed to our company’s mission of paying dependable monthly dividends that increase over time. With the payment of the February dividend, shareholders will realize a 3.1% increase in the amount of the dividend as compared to the same month in 2019.
About the Company
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,900 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 595 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 105 times since Realty Income’s public listing in 1994 (NYSE: O).
Its earnings per share (EPS) expected to touch remained 13.90% for this year while earning per share for the next 5-years is expected to reach at 5.45%. O has a gross margin of 94.40% and an operating margin of 26.30% while its profit margin remained 27.30% for the last 12 months.
The price moved ahead of 2.51% from the mean of 20 days, -0.64% from mean of 50 days SMA and performed 2.29% from mean of 200 days price. Company’s performance for the week was 1.05%, 2.49% for month and YTD performance remained 1.81%.