Realty Income Corp (NYSE:O) announced a jun 17 dividend on Tuesday, May 16th. Investors of record on Thursday, June 1st will be paid a dividend of 0.211 per share by the real estate investment trust on Thursday, June 15th. The ex-dividend date is Tuesday, May 23rd.

Realty Income Corp has increased its dividend payment by an average of 3.7% per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Realty Income Corp has a dividend payout ratio of 83.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Realty Income Corp to earn $1.31 per share next year, which means the company may not be able to cover its $2.53 annual dividend with an expected future payout ratio of 193.1%.

Shares of Realty Income Corp (NYSE:O) traded down 2.01% during mid-day trading on Tuesday, hitting $53.21. The company had a trading volume of 3,002,886 shares. The company has a market cap of $14.53 billion, a PE ratio of 46.35 and a beta of 0.37. Realty Income Corp has a 12 month low of $52.72 and a 12 month high of $72.29. The firm has a 50-day moving average of $58.98 and a 200-day moving average of $58.40.

Realty Income Corp (NYSE:O) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $298.03 million during the quarter, compared to analyst estimates of $281.11 million. Realty Income Corp had a return on equity of 5.04% and a net margin of 28.37%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share. On average, analysts expect that Realty Income Corp will post $1.23 EPS for the current year.

Dividend History for Realty Income Corp (NYSE:O)

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In other Realty Income Corp news, SVP Benjamin N. Fox sold 1,847 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $59.55, for a total transaction of $109,988.85. Following the completion of the sale, the senior vice president now directly owns 17,432 shares in the company, valued at $1,038,075.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Israel sold 2,280 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $58.97, for a total value of $134,451.60. Following the sale, the senior vice president now owns 11,934 shares of the company’s stock, valued at $703,747.98. The disclosure for this sale can be found here. Insiders have sold 77,241 shares of company stock valued at $4,617,465 over the last 90 days. 0.30% of the stock is currently owned by insiders.

About Realty Income Corp

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

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