Realty Income Just Paid Its 671st Straight Monthly Dividend (June Dispatch Inside)
Inside: the full 22-stock scorecard, three dates for your calendar, and the dispatch PDF.
Two weeks. Twenty-two companies. And the dividend machine barely paused for breath.
Realty Income raised its monthly payout again. NextEra hiked 10%. Johnson & Johnson notched its 64th straight annual increase. Duke Energy quietly marked its 100th consecutive year of paying a dividend. Meanwhile, two of the names you own were busy reshaping themselves from the inside.
Here is everything that moved across your universe, starting with the one most of you hold.
In this issue:
Realty Income’s 671st straight monthly dividend (the full story below)
Union Pacific draws a line in the sand on its $85 billion merger
S&P Global spins off a piece of itself
The two-week scorecard for all 22 names
Three dates worth putting on your calendar
Realty Income paid its 671st consecutive monthly dividend
Realty Income raised its monthly dividend to $0.2710 a share. That works out to about $3.25 a year and a yield near 5.3%.
If you have followed the company for any length of time, the streak is the headline. This was the 671st consecutive monthly dividend, and the raise extends a record that has made “The Monthly Dividend Company” a core holding for income investors who like getting paid on a schedule they can budget around.
Scotiabank used the moment to reiterate its Sector Outperform rating with a $67 target. That stands out, because the broader analyst consensus has drifted toward Hold. When the crowd cools and a covering analyst leans in, it is worth asking which side is reading the cash flows correctly.
For most income portfolios, the takeaway is simple. The thing you own Realty Income for, a dependable and slowly growing monthly check, did exactly what it is supposed to do.
Two of your names are quietly changing shape
That is one of three lead stories this issue. The other two are about companies reshaping themselves while the rest of the market looked elsewhere.
Union Pacific is defending its roughly $85 billion merger with Norfolk Southern, and management just spelled out the single condition that would make it walk away from the table. S&P Global, meanwhile, handed shareholders stock in a brand-new company and left the business you own looking very different than it did a month ago.
Both move the long-term cash flows behind your dividends. Here is what happened, and what to watch.
If you own dividend stocks and want a calm, every-other-week read on what actually happened to them, the full Dividend Universe News is for paid subscribers. Same names you hold, same plain-English breakdown, no hype. Upgrade to read the rest.
