Realty Income Just Announced Its 674th Consecutive Monthly Dividend. Here's How Much $30,000 Invested Pays in Monthly Dividends.
A hefty 5.3% dividend yield will help you collect meaningful dividend income.
Overview
Anyone interested in dividend income needs to know about Realty Income (NYSE: O). It pays its dividends monthly, which can be especially nice if you're living off those dividends and would like them to arrive more often. Also, its dividend yield is generous -- recently 5.3%.
Let's say you're looking to invest $30,000 to generate dividend income. How many shares would you need to buy? Well, the stock recently traded at about $61 per share, so $30,000 would buy about 492 shares. With each share recently delivering $0.271 per month, those 484 shares would generate around $133 per month. On an annual basis, that's about $1,596. Not bad, right?
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Originally published at www.fool.com.