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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Realty Income Corporation (O) pays a $3.24 annual dividend ($0.27 monthly), yielding 5.28% at $61.37/share. Next ex-dividend date 2026-08-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.28%
Annual Dividend: $3.24 per share
Payout Ratio: 226.9% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-08-31
Dividend Frequency: monthly
Sector: Real Estate
Years of Dividend History: 33
Realty Income Corporation dividend is paid every single month, making it one of the few S&P 500 companies to do so. The company owns over 6,500 commercial properties leased under long-term contracts, generating the cash flow that funds those payouts. At $3.2430 per share in trailing annual dividends, with the next ex-dividend date on August 31, 2026, O currently yields 5.23%. That yield, combined with a beta of 0.72, makes this stock a natural fit for income-focused investors who prioritize lower volatility.
Realty Income Corporation pays out 226.9% of earnings as dividends, a payout ratio classified as high (above 75%). For a REIT, payout ratios above 100% are common because earnings-per-share figures exclude depreciation, which is a large non-cash charge, and the company's cash flow from over 6,500 long-term commercial leases is what actually funds the monthly dividend. Realty Income Corporation dividend safety is supported by that lease structure, but the 226.9% figure is still at the upper end of typical REIT payout ratios, and any meaningful drop in rental income would put direct pressure on the payout.
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 $3.4900 over that period (2026 is a partial year and excluded from this calculation). The smallest annual increase in the window was 0.5% in 2014, which shows that growth, while unbroken in direction, 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 flow from a large, diversified commercial real estate portfolio. The current yield of 5.23% sits above the 5-year average of 4.99%, meaning buyers today are getting slightly more income than the historical norm. Growth runs at 5.0% per year, which keeps pace with moderate inflation but does not offer meaningful capital appreciation. The trade-off is clear: O stock delivers a high (above 4%) yield with predictable monthly payments, but the 226.9% payout ratio leaves little room for error if lease income weakens.
| Payment Date | Amount per Share |
|---|---|
| 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 | $0.2710 |
| 2026-02-27 | $0.2700 |
| 2026-01-30 | $0.2700 |
| 2025-12-31 | $0.2700 |
| 2025-11-28 | $0.2700 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1650 |
| 2025 | $3.4900 |
| 2024 | $2.8720 |
| 2023 | $3.0620 |
| 2022 | $2.9720 |
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