Realty Income REIT, renowned for monthly dividends, recovers from 25% stock price decline; maintains 99% occupancy, 5.1% yield, $2.
Realty Income (NYSE: O), a REIT known for monthly dividends, recently faced a 25% stock price decline but is showing recovery as interest rates decrease. It maintains a 99% occupancy rate, with a dividend yield of 5.1%. Revenue rose 32% to $2.6 billion in early 2024, covering $1.55 per share in dividends. The company’s diversified portfolio and consistent dividend growth make it an appealing investment for income-seeking Americans.
October 06, 2024
6 Articles