Tuesday, January 15, 2019

Realty Income Stock

I've owned Realty Income for over three years now, and it has paid me a lot of dividends (see attached picture and I apologize if the large size of the photo causes issues when viewing this blog post).

I bought the stock for $51.31 and my first dividend from it was 19 cents. My initial dividend yield would have been -

$0.19 * 12 (dividends paid monthly) = $2.28

$2.28 / $51.31 = 4.44% dividend yield

My latest dividend payment, today, paid me 22 cents.

$0.22 * 12 = $2.64

$2.64 / $51.31 = 5.15% dividend yield.

4.44% dividend yield 3 years ago, 5.15% dividend yield today. I didn't sell the stock, and I haven't purchased any more shares. Maybe in another 3 years it'll be a 6+% dividend yield.

In the three years I've had Realty Income, I've received the following dividends -

1 - 19 cent dividend = $0.19
12 - 20 cent dividends = $2.40
12 - 21 cent dividends = $2.52
12 - 22 cent dividends = $2.64

In total, I've received $7.75 from Realty Income, or 15.1% of the original price I purchased it for.

At this current pace of increasing dividends, I will expect the next dividend in February to be 23 cents.

I've bought and sold a lot of stocks in my Robinhood Portfolio, but Realty Income is one of the few stocks that has been consistent almost from the beginning.

Signed,

Mitch

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