Realty Income Just Raised Its Dividend for the 135th Time (June Dispatch Inside)
A 5.3% yielder kept its streak alive, Visa and Mastercard built a new toll road, and a $71.5B merger hit turbulence.
Three of our companies made real news in the last few weeks, and one of them just raised its dividend for the 135th time.
The June Dividend Universe Dispatch is ready. Here is what’s inside:
Realty Income’s 135th dividend increase, and why the streak matters more than the size
The stablecoin platform Visa and Mastercard are quietly building
Union Pacific’s merger fight in Washington
Quick hits on all 22 names in the universe
The June dividend calendar and the catalysts I am watching
The full scorecard, plus a downloadable PDF issue you can save or print
The first story is below for everyone. The rest lives behind the paywall.
Realty Income raises the dividend. Again.
Realty Income (O) did the thing it always does.
On June 9, the board raised the monthly dividend from $0.2705 to $0.2710 per share. That is the 135th increase since the company listed on the NYSE in 1994, and it puts the annualized payout at $3.252 per share. If you own shares as of the June 30 record date, the new rate lands in your account on July 15.
The raise itself is tiny, about 0.2%.
The signal matters more than the size. Realty Income raises in small steps, several times a year, in good markets and bad ones. That habit is the whole reason a 5.3% yielder earns a spot on our Best Buy Now list while most high yielders never make it past the first screen.
At $62.66, the stock trades well below our buy-below price. Safety score stays at Safe.
That is one of three lead stories this month. The other two cover the stablecoin rail Visa and Mastercard are building together, and the $71.5 billion railroad merger that hit three separate roadblocks in two weeks.
Below the line: the Visa and Mastercard stablecoin story, the Union Pacific merger fight, news on all 22 universe stocks, the June dividend calendar, and the full scorecard as a downloadable PDF.
