The Monthly Dividend CompanyRealty Income ( O), The Monthly Dividend Company, is a New York Stock Exchange-listed real estate firm dedicated to one simple, but most important, thing: Providing shareholders with dependable monthly income. The Encendido-based company has declared 514 consecutive common stock monthly dividends throughout its 44-year operating history and increased the dividend 71 times since Realty Income's listing on the New York Stock Exchange in 1994. Earlier this week, Realty Income shares hit an all-time high of $47.98 (on April 15); the current dividend yield is around 4.6%. As the largest Triple-Net REIT in the sector, Realty Income has a market capitalization of around $9.3 billion -- making the REIT a potential candidate for the S&P 500.
In Realty Income's 2012 Annual Report, Lewis explains the driving force of "The Monthly Dividend Company": "As always, we do what we do, so we can all continue to enjoy monthly dividends. This is not just a mission, but a passion for all of us who work at Realty Income." Lewis adds: "For our part, we will continue to work hard to provide you with monthly dividends that increase over time." That's music to my ears ... and that's why Oh-Oh-"O," it's magic ... and that helps me sleep well at night. Realty Income: The Monthly Dividend Company