Realty Income (O) Raises Dividend for 54 Consecutive Quarters

"Realty Income (O) is one of our favorite companies; they continue to grow their portfolio of properties which will ensure their dividend stream will grow for years to come," says Steve Christ. The editor of Wealth Advisory explains, "The company recently announced its 54th consecutive quarterly increase and the 61st dividend increase since Realty Income went public in 1994.

"The company boosted the common stock monthly cash dividend to $0.1445625 per share from $0.14425 per share. The dividend is payable on April 15, 2011 to shareholders of record as of April 1, 2011. The new monthly dividend amount represents an annualized dividend amount of $1.73475 per share as compared to the previous annualized dividend amount of $1.731 per share. We would have no problem adding to position at prices under $35 per share."

Source: BloggingStocks

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