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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): Realty Income Corporation (O) pays a $3.24 annual dividend ($0.27 monthly), yielding 4.93% at $65.71/share. Next ex-dividend date 2026-07-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.93%
Annual Dividend: $3.24 per share
Payout Ratio: 264.8% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-07-31
Dividend Frequency: monthly
Sector: Real Estate
Years of Dividend History: 33
Realty Income Corporation dividend is paid monthly, a structure the company has maintained across 608 consecutive monthly payments. Known as "The Monthly Dividend Company," O operates as a REIT, collecting rent from over 6,500 commercial properties under long-term leases. The trailing annual dividend rate stands at $3.2390 per share, with the next ex-dividend date on June 30, 2026. A beta of 0.729 places O below average market volatility, which suits income-focused investors who prioritize predictable cash flow over price swings.
Realty Income Corporation pays out 264.8% of earnings as dividends, a payout ratio classified as high (above 75%). For a REIT, this figure is less alarming than it appears, since REITs are required to distribute the majority of taxable income and typically measure coverage against funds from operations rather than net earnings. Realty Income Corporation dividend safety rests on the cash flow generated by over 6,500 commercially leased properties under long-term contracts, but a payout ratio this elevated leaves little room to absorb a meaningful drop in rental income.
Realty Income Corporation dividend history shows a CAGR of 5.0% per year from 2010 to 2025. Per-share payments grew from $1.6695 to $3.4900 over that period (2026 is a partial year and excluded from the rate 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) |
O fits income-focused investors who want monthly cash flow from a large, diversified commercial property portfolio. The current yield of 5.07% is classified as high (above 4%), and it sits above the 5-year average yield of 4.85%, meaning buyers today are getting slightly more income than the historical norm. The 5.0% annual dividend growth rate over 15 years keeps pace with inflation in most environments, but growth is slow and the 264.8% payout ratio is the central trade-off. What an investor gets is a high, monthly income stream backed by long-term lease contracts. What they accept is a payout structure that leaves limited financial cushion.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-10-31 | $0.2700 |
| 2025-10-01 | $0.2700 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.6230 |
| 2025 | $3.4900 |
| 2024 | $2.8720 |
| 2023 | $3.0620 |
| 2022 | $2.9720 |
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