Is Realty Income's Nearly 6% Yield a Bargain or a Trap?
Realty Income's yield has risen sharply over the past month.
Overview
Realty Income's (NYSE:O) dividend yield has risen sharply over the past month. Its stock price has tumbled from over $65 a share to around $55 per share, pushing the yield up from about 5% to nearly 6%. That's significantly higher than the S&P 500's low 1% current yield.
With its yield on the rise, some investors might wonder whether the high-dividend REIT is a bargain or a yield trap. I think it's now a screaming bargain. Here's why.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.