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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Realty Income Corporation (O) pays a $3.24 annual dividend ($0.27 monthly), yielding 5.87% at $56.01/share. Next ex-dividend date 2026-10-30. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.87%
Annual Dividend: $3.24 per share
Payout Ratio: 234.7% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-10-30
Dividend Frequency: monthly
Sector: Real Estate
Years of Dividend History: 33
Realty Income Corporation dividend is one of the most recognizable income streams in the U.S. real estate sector, paid monthly by a company that owns over 15,500 properties across all 50 states and nine countries. The current yield stands at 6.01%, with trailing annual payments of $3.2350 per share over the past twelve months. O pays dividends monthly, with the next ex-dividend date on September 30, 2026, and a last declared amount of $0.2720 per share. A beta of 0.696 means O stock moves less than the broader market, which suits income-focused investors who prioritize payment regularity over price appreciation.
Realty Income Corporation pays out 234.7% of earnings as dividends, a payout ratio classified as high (above 75%). For a REIT, earnings-based payout ratios routinely exceed 100% because net income excludes depreciation on real estate assets, so Realty Income Corporation dividend safety is better assessed through the company's ability to generate rental income from its portfolio of over 15,500 net-lease properties. The most significant pressure point is that a 234.7% payout ratio leaves no margin for error if rental income from that portfolio contracts.
Realty Income Corporation dividend history shows a CAGR of 5.0% per year from 2010 to 2025. Per-share annual dividends grew from $1.6695 to $3.4870 over that period (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 0.8% in 2014, which shows that growth, while unbroken, has at times been barely above flat.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.5% | $2.97 (2022) | $3.49 (2025) |
| 5-Year | +5.1% | $2.72 (2020) | $3.49 (2025) |
| 10-Year | +4.7% | $2.21 (2015) | $3.49 (2025) |
Realty Income Corporation is built for income-focused investors who want monthly cash payments from a large, geographically diversified net-lease portfolio. The 6.01% yield is high (above 4%) and sits well above O's own 5-year average of 5.04%, which means buyers today are locking in a yield that is elevated relative to recent history. Dividend growth has averaged 5.0% per year since 2010, but the smallest annual increase on record was just 0.8%, so growth is slow and income is the primary draw. The trade-off is a 234.7% earnings-based payout ratio, which is the defining tension in this stock: high current income, but a payout structure that depends entirely on sustained rental cash flow from the underlying property portfolio.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $0.2715 |
| 2026-08-31 | $0.2710 |
| 2026-07-31 | $0.2710 |
| 2026-06-30 | $0.2710 |
| 2026-05-29 | $0.2705 |
| 2026-04-30 | $0.2705 |
| 2026-03-31 | $0.2705 |
| 2026-02-27 | $0.2700 |
| 2026-01-30 | $0.2700 |
| 2025-12-31 | $0.2700 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.4360 |
| 2025 | $3.4870 |
| 2024 | $2.8690 |
| 2023 | $3.0590 |
| 2022 | $2.9690 |
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