Own Realty Income By Sept. 30 to Qualify for Its Oct. 15 Dividend. Here's How Many Shares You'd Need for $1,251 in Yearly Dividends.
Regular dividend income can replace a weekly paycheck.
Overview
Realty Income Corp. (NYSE: O) is one of the best-known real estate investment trusts (REITs) around.
Like most REITs, it receives favorable tax treatment in exchange for paying out most of its operating income as dividends to its shareholders. That's why REITs have significant yields. Realty Income is currently yielding 5.2% on a trailing-12-month basis.
Details
Realty Income's next monthly dividend payment arrives Oct. 15. But in order to get that payment, you'd need to own shares by the "ex-dividend date" of Sept. 30.
Source
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.