Realty Income Stock To Go Ex-dividend Tomorrow (O)
The ex-dividend date for Realty Income Corporation (NYSE:O) is tomorrow, March 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $44.54 as of 9:31 a.m., the dividend yield is 4.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Realty Income Corporation (NYSE: O) is tomorrow, March 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $44.54 as of 9:31 a.m. ET, the dividend yield is 4.9%. The average volume for Realty Income has been two million shares per day over the past 30 days. Realty Income has a market cap of $7.95 billion and is part of the financial sector and real estate industry. Shares are up 9.9% year to date as of the close of trading on Monday. Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. The company has a P/E ratio of 51.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Realty Income as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Realty Income Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.