Realty Income's Consistent Dividend Growth and Strong Financials
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Source: NASDAQ.COM
- Stable Dividend Record: Realty Income recently declared its 671st consecutive monthly dividend, showcasing over 50 years of income consistency, which attracts investors seeking passive income.
- High Yield Advantage: The REIT offers a dividend yield exceeding 5%, several times higher than the S&P 500's approximately 1.1%, allowing investors to generate more passive income per dollar invested.
- Strong Financial Profile: Realty Income maintains a low dividend payout ratio of 71.7%, retaining nearly $1 billion in free cash flow annually for new investments, ensuring financial stability and growth potential.
- Market Expansion Potential: The company estimates the total addressable market for net-lease real estate at around $14 trillion across the U.S. and Europe, planning to invest $9.5 billion in 2023 to support future dividend increases, indicating a strategic growth trajectory.
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Analyst Views on O
Wall Street analysts forecast O stock price to rise
11 Analyst Rating
3 Buy
7 Hold
1 Sell
Hold
Current: 61.690
Low
60.00
Averages
62.59
High
67.50
Current: 61.690
Low
60.00
Averages
62.59
High
67.50
About O
Realty Income Corporation is a real estate investment trust. The Company is engaged in the acquisition, ownership, and management of freestanding commercial properties leased under long‑term net lease agreements to a diversified base of operators, including a blend of investment grade, investment grade equivalent, and other clients. It owns a portfolio of over 15,500 properties in all 50 United States (U.S.) states, the United Kingdom, and eight other countries in Europe. It is engaged in a single business activity, which is the leasing of property to clients, generally on a net basis. That business activity spans various geographic boundaries and includes property types and clients engaged in various industries. Its property types include retail, industrial, gaming, and other. Its industry concentrations include grocery, convenience stores, home improvement, dollar stores, restaurants-quick service, health and fitness, drug stores, automotive service, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Realty Income to Present at Nareit's REITweek Investor Conference
- Investor Conference Participation: Realty Income's CEO, Sumit Roy, will participate in the Nareit REITweek Investor Conference on June 3, 2026, showcasing the company's strategic direction and market performance, which is expected to attract investor interest and enhance the company's image.
- Live Webcast Arrangement: The presentation will be broadcast live via webcast, accessible through the Investor Relations section of Realty Income's website, ensuring transparency and enhancing interaction with investors, thereby solidifying the company's trust in the market.
- Consistent Dividend Payments: Realty Income has declared 671 consecutive monthly dividends since its inception and has increased dividends for over 31 years, a stable dividend policy that not only attracts long-term investors but also strengthens the company's competitive position in the market.
- Global Asset Portfolio: As of March 31, 2026, Realty Income boasts a portfolio of over 15,500 properties across the U.S., the U.K., and eight other European countries, providing a stable income source and laying the groundwork for future expansion.
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- Housing Market Demand: Pool Corporation highlights that insufficient housing turnover is a major barrier to its business growth, indicating that a sluggish real estate market may negatively affect its sales.
- Dividend Appeal: Realty Income expresses confidence in its dividend strategy, believing that its dividends will attract more investors and potentially drive stock price increases, reflecting market demand for stable income.
- Investor Confidence: Jim Cramer's investment advice indicates a strong market confidence in long-term investments, especially in uncertain economic conditions, emphasizing the importance of sound investment strategies.
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- PepsiCo's Growth: PepsiCo (PEP) announced a 4% increase in its quarterly dividend to $1.48 this month, having raised dividends for 54 consecutive years, with a current yield of 4%, nearly four times that of the S&P 500, reflecting its strong profitability and market competitiveness.
- Procter & Gamble's Long-Term Commitment: Procter & Gamble (PG) has paid dividends since 1890 and has raised them for 70 straight years, with the latest quarterly payout increased by 3% to $1.0885, yielding 3.1%, supported by over $11 billion in free cash flow that easily covers $7.6 billion in dividends.
- Realty Income's Appeal: Realty Income (O), a REIT, pays monthly dividends and recently raised its payout from $0.27 to $0.2705, yielding 5.2%, well above the FTSE Nareit All Equity REITs Index's 3.7%, demonstrating its strong cash flow and distribution capacity.
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Four Dividend Stocks to Aid Investors
- Coca-Cola Dividend Increase: Coca-Cola raised its quarterly dividend from $0.51 to $0.53 this year, marking 64 consecutive years of increases, which underscores its strong profitability and commitment to shareholders, with a current yield of 2.6%, significantly higher than the S&P 500's 1.1%.
- PepsiCo's Stable Returns: PepsiCo announced a 4% increase in its quarterly dividend to $1.48 this month, having raised dividends for 54 consecutive years, with a current yield of 4%, nearly four times that of the S&P 500, reflecting its robust market position and profitability.
- Procter & Gamble's Dividend History: Procter & Gamble has paid dividends since 1890 and has raised them for 70 straight years, with the latest quarterly payout increased by 3% to $1.0885 per share, yielding 3.1%, supported by strong free cash flow that ensures dividend sustainability.
- Attractiveness of Realty Income: Realty Income has increased its dividend 134 times since going public in 1994, recently raising the monthly payout from $0.27 to $0.2705 per share, yielding 5.2%, appealing to income-seeking investors due to its stable cash flow and high dividend policy.
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Investment Opportunities in Walmart, Realty Income, and Philip Morris Amid Market Volatility
- Walmart's Resilience: As the world's largest retailer with over 10,800 stores, Walmart has raised its dividend for 53 consecutive years, and despite a current yield of 0.8%, its stock has soared 155% over the past five years, demonstrating its resilience and long-term investment value amid economic fluctuations.
- Stability of Realty Income: Realty Income owns over 15,500 commercial properties leased to recession-resistant businesses, achieving a 98.9% occupancy rate in 2025, and has raised its dividend 134 times since its IPO, currently offering a 5.2% yield, showcasing its appeal and stable cash flow as a REIT.
- Philip Morris's Transformation: As one of the largest tobacco companies, Philip Morris saw a 14% growth in smoke-free revenue in 2025, accounting for 43% of total revenue, with projected CAGR of 7% and 10% for revenue and EPS respectively over the next three years, indicating its potential in the tobacco industry's transformation.
- Investment Opportunities in Market Crashes: In the event of a market crash, Walmart, Realty Income, and Philip Morris stocks may present more attractive valuations, allowing investors to capitalize on these opportunities to increase their holdings and potentially achieve higher returns during economic recovery.
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- Realty Income's Advantage: Realty Income (O), one of the largest REITs in the U.S., offers a 5.2% dividend yield and employs a triple net lease structure that ensures tenants cover property taxes and maintenance, showcasing stable cash flow and high occupancy rates during economic fluctuations.
- Coca-Cola's Resilience: Coca-Cola (KO) boasts a 2.6% dividend yield and a record of 64 consecutive years of dividend increases, demonstrating its resilience in downturns, while maintaining a net margin of 27.8%, indicating efficiency in its operations despite low-margin logistics.
- Portfolio Diversification: In the current global economic climate, considering investments in Costco, Realty Income, and Coca-Cola can provide not only stable dividends but also strong survival capabilities during market turbulence, making them suitable for investors seeking safe investments.
See More
Realty Income to Present at Nareit's REITweek Investor Conference
- Investor Conference Participation: Realty Income's CEO, Sumit Roy, will participate in the Nareit REITweek Investor Conference on June 3, 2026, showcasing the company's strategic direction and market performance, which is expected to attract investor interest and enhance the company's image.
- Live Webcast Arrangement: The presentation will be broadcast live via webcast, accessible through the Investor Relations section of Realty Income's website, ensuring transparency and enhancing interaction with investors, thereby solidifying the company's trust in the market.
- Consistent Dividend Payments: Realty Income has declared 671 consecutive monthly dividends since its inception and has increased dividends for over 31 years, a stable dividend policy that not only attracts long-term investors but also strengthens the company's competitive position in the market.
- Global Asset Portfolio: As of March 31, 2026, Realty Income boasts a portfolio of over 15,500 properties across the U.S., the U.K., and eight other European countries, providing a stable income source and laying the groundwork for future expansion.
See More
Bentley Systems Faces Disruption from AI Technologies
- Software Disruption Risk: Bentley Systems acknowledges that its software market is being disrupted by artificial intelligence, which could impact its future market share and revenue growth, particularly in the construction and engineering sectors.
- Housing Market Demand: Pool Corporation highlights that insufficient housing turnover is a major barrier to its business growth, indicating that a sluggish real estate market may negatively affect its sales.
- Dividend Appeal: Realty Income expresses confidence in its dividend strategy, believing that its dividends will attract more investors and potentially drive stock price increases, reflecting market demand for stable income.
- Investor Confidence: Jim Cramer's investment advice indicates a strong market confidence in long-term investments, especially in uncertain economic conditions, emphasizing the importance of sound investment strategies.
See More
Four High-Yield Dividend Stocks Recommended
- Coca-Cola's Stability: Coca-Cola (KO) raised its quarterly dividend from $0.51 to $0.53 this year, marking 64 consecutive years of increases, which underscores its status as a 'Dividend King'; the current yield stands at 2.6%, significantly above the S&P 500's 1.1%.
- PepsiCo's Growth: PepsiCo (PEP) announced a 4% increase in its quarterly dividend to $1.48 this month, having raised dividends for 54 consecutive years, with a current yield of 4%, nearly four times that of the S&P 500, reflecting its strong profitability and market competitiveness.
- Procter & Gamble's Long-Term Commitment: Procter & Gamble (PG) has paid dividends since 1890 and has raised them for 70 straight years, with the latest quarterly payout increased by 3% to $1.0885, yielding 3.1%, supported by over $11 billion in free cash flow that easily covers $7.6 billion in dividends.
- Realty Income's Appeal: Realty Income (O), a REIT, pays monthly dividends and recently raised its payout from $0.27 to $0.2705, yielding 5.2%, well above the FTSE Nareit All Equity REITs Index's 3.7%, demonstrating its strong cash flow and distribution capacity.
See More
Four Dividend Stocks to Aid Investors
- Coca-Cola Dividend Increase: Coca-Cola raised its quarterly dividend from $0.51 to $0.53 this year, marking 64 consecutive years of increases, which underscores its strong profitability and commitment to shareholders, with a current yield of 2.6%, significantly higher than the S&P 500's 1.1%.
- PepsiCo's Stable Returns: PepsiCo announced a 4% increase in its quarterly dividend to $1.48 this month, having raised dividends for 54 consecutive years, with a current yield of 4%, nearly four times that of the S&P 500, reflecting its robust market position and profitability.
- Procter & Gamble's Dividend History: Procter & Gamble has paid dividends since 1890 and has raised them for 70 straight years, with the latest quarterly payout increased by 3% to $1.0885 per share, yielding 3.1%, supported by strong free cash flow that ensures dividend sustainability.
- Attractiveness of Realty Income: Realty Income has increased its dividend 134 times since going public in 1994, recently raising the monthly payout from $0.27 to $0.2705 per share, yielding 5.2%, appealing to income-seeking investors due to its stable cash flow and high dividend policy.
See More
Investment Opportunities in Walmart, Realty Income, and Philip Morris Amid Market Volatility
- Walmart's Resilience: As the world's largest retailer with over 10,800 stores, Walmart has raised its dividend for 53 consecutive years, and despite a current yield of 0.8%, its stock has soared 155% over the past five years, demonstrating its resilience and long-term investment value amid economic fluctuations.
- Stability of Realty Income: Realty Income owns over 15,500 commercial properties leased to recession-resistant businesses, achieving a 98.9% occupancy rate in 2025, and has raised its dividend 134 times since its IPO, currently offering a 5.2% yield, showcasing its appeal and stable cash flow as a REIT.
- Philip Morris's Transformation: As one of the largest tobacco companies, Philip Morris saw a 14% growth in smoke-free revenue in 2025, accounting for 43% of total revenue, with projected CAGR of 7% and 10% for revenue and EPS respectively over the next three years, indicating its potential in the tobacco industry's transformation.
- Investment Opportunities in Market Crashes: In the event of a market crash, Walmart, Realty Income, and Philip Morris stocks may present more attractive valuations, allowing investors to capitalize on these opportunities to increase their holdings and potentially achieve higher returns during economic recovery.
See More
Recommended Resilient Stocks Amid Market Turbulence
- Costco's Stability: Costco (COST) currently has a dividend yield of 0.6% and a high P/E ratio of 53, yet its consistent dividend increases over 22 years and a 400-bagger growth since its IPO indicate strong capital appreciation potential, making it attractive amid economic uncertainty.
- Realty Income's Advantage: Realty Income (O), one of the largest REITs in the U.S., offers a 5.2% dividend yield and employs a triple net lease structure that ensures tenants cover property taxes and maintenance, showcasing stable cash flow and high occupancy rates during economic fluctuations.
- Coca-Cola's Resilience: Coca-Cola (KO) boasts a 2.6% dividend yield and a record of 64 consecutive years of dividend increases, demonstrating its resilience in downturns, while maintaining a net margin of 27.8%, indicating efficiency in its operations despite low-margin logistics.
- Portfolio Diversification: In the current global economic climate, considering investments in Costco, Realty Income, and Coca-Cola can provide not only stable dividends but also strong survival capabilities during market turbulence, making them suitable for investors seeking safe investments.
See More
