All It Takes Is 336 Shares of Realty Income Stock to Generate $1,000 in Yearly Dividends. Here's Whether the Payout Is Safe.
Realty Income has earned attention for its moniker as the "monthly dividend company" and generous payout.
Overview
Realty Income (NYSE: O) often escapes the notice of both investors and average Americans alike. Although many people may not recognize its name, they likely spend time in some of its nearly 15,600 properties regularly.
The company has existed since 1969, and it became a real estate investment trust (REIT) in 1994. It's payout has steadily risen over that 32-year history, and today, one has to buy 336 shares for around $20,600 to generate $1,000 in annual dividend income.
Details
However, whether that payout is sustainable means understanding its business and how much cash it generates. Let's take a closer look to see whether investors can truly trust its dividend.
Source
Originally published at www.fool.com.
Related Articles
- Is a Stock Market Crash Likely Under President Donald Trump? History Weighs In With an Answer Wall Street May Not Like.
- What Move Will SpaceX Stock Make After Sept. 9? The Evidence Is Piling Up, and Here’s What It Shows.
- Is SCHD Still the Best Dividend ETF You Can Buy for Passive Income? Here's What the Data Says.