With 135 Dividend Increases (And Counting), This High-Yield Stock Remains a Top Passive Income Investment for the Long-Term
Realty Income continues to steadily increase its dividend.
Overview
Realty Income's (NYSE: O) mission is to "deliver dependable monthly dividends that increase over time." With the real estate investment trust (REIT) recently declaring its 135th dividend increase since its public market listing in 1994, it's safe to say the company is achieving its mission.
The REIT is in a strong position to continue increasing its monthly dividend, which now yields over 5%. That makes it an excellent option for those desiring to make passive income.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.