Realty Income Has Outperformed the S&P 500 in 11 of 13 Stock Market Corrections Since 1994. Here's Why I'd Hold It Forever.
Realty Income is a very resilient dividend stock.
Overview
Since Realty Income's (NYSE:O) public market listing in 1994, the stock market has endured 13 sell-offs of 10% or more. The real estate investment trust (REIT) has outperformed the market in 11 of those corrections. Its average decline during these sell-offs is only 2.6%, much less than the S&P 500's average drawdown of 22.6%.
The REIT's significantly lower volatility is one of the many reasons why it's becoming a core holding in my portfolio.
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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.