EX-Dividend Schedule: Realty Income Announced its 577th Consecutive Monthly Dividend; Will Trade Ex-Dividend on July 31, 2018

LONDON, UK / ACCESSWIRE / July 30, 2018 /

Active-Investors has a free review on Realty Income Corp. (NYSE: O) following the Company’s announcement that it will begin trading ex-dividend on July 31, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 30, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on O:

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Dividend Declared

On July 17, 2018, Realty Income announced that its Board of Directors has declared its 577th consecutive common stock monthly dividend. The dividend amount of $0.22 per share, representing an annualized amount of $2.64 per share, is payable on August 15, 2018, to shareholders of record as of August 01, 2018.

Realty Income’s indicated dividend represents a yield of 4.74%, which is substantially higher than the average dividend yield of 3.06% for the Finance sector. The Company has raised its dividend for twenty-two years in a row.

Dividend Insights

Realty Income has a dividend payout ratio of 83.3%, which denotes that the Company distributes approximately $0.83 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Realty Income is forecasted to report earnings of $1.33 for the upcoming year compared to the Company’s annualized dividend of $2.64. One of the primary reasons for the difference between earnings and annualized dividend is that Realty Income is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company’s profitability and capacity to pay and to sustain dividends. For instance, Realty Income’s net income available to common stockholders for the quarter ended March 31, 2018, was $83.2 million, or $0.29 per share, compared to $71.6 million, or $0.27 per share, in Q1 2017.

On the other hand, Realty Income’s FFO for the quarter ended March 31, 2018, increased 20.1% to $224.9 million compared to $187.2 million for the same quarter in 2017. FFO per share for the quarter ended March 31, 2018, increased 11.3% to $0.79 compared to $0.71 for the year ago corresponding period. The FFO number indicates that the Company should be able to comfortably cover its dividend payout through earnings.

Recent Development for Omega

On July 10, 2018, Realty Income announced that Reginald “Reggie” H. Gilyard and Gerardo “Gerry” I. Lopez have joined Realty Income’s Board of Directors. The Company in the press release stated that Messrs. Gilyard and Lopez bring to the Board of Directors over 50 years of combined leadership experience in retail, real estate, and consulting.

Mr. Gilyard is a Senior Advisor at The Boston Consulting Group, Inc. (“BCG”) where he is a recognized leader in strategy development and execution. Prior to re-joining BCG in 2017, Mr. Gilyard served as Dean of the Argyros School of Business and Economics at Chapman University.

Mr. Lopez recently joined as a partner of High Bluff Capital Partners, a private equity firm focused on investing in consumer-facing companies. Mr. Lopez previously served as President and Chief Executive Officer of Extended Stay America, Inc., the largest owner/operator of company-branded hotels in North America.

About Realty Income Corp.

Realty Income is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The Company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Realty Income’s stock fell 1.29%, ending the trading session at $55.04.

Volume traded for the day: 1.48 million shares.

Stock performance in the last month – up 0.94%; previous three-month period – up 6.98%; and past six-month period – up 1.53%

After last Friday’s close, Realty Income’s market cap was at $15.85 billion.

Price to Earnings (P/E) ratio was at 48.97.

The stock has a dividend yield of 4.80%.

The stock is part of the Financial sector, categorized under the REIT – Retail industry.

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