O - This Dirt Cheap Stock Has Raised Its Dividend for Over 25 Years in a Row. Here's Why It's Worth a Look Right Now.
2024-07-10 06:12:00 ET
Realty Income (NYSE: O) is one of the largest and most popular real estate investment trusts, or REITs, in the market. The company owns a portfolio of nearly 15,500 properties in the United States and Europe and has paid 647 consecutive monthly dividends to investors.
Built for steadily growing income over time, Realty Income has an outstanding track record of smart capital allocation and outsized returns. And right now is a rare opportunity to buy this proven winner on sale.
Realty Income specializes in net-lease real estate , which essentially means most types of single-tenant commercial properties. About 80% of the company's rental income comes from retail properties, but don't let the term "retail" scare you: Realty Income has produced year after year of steadily growing income for two main reasons.
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This Dirt Cheap Stock Has Raised Its Dividend for Over 25 Years in a Row. Here's Why It's Worth a Look Right Now.