Trailing Dividend / Share
$3.23
Realty Income Corporation (O) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
5.4%
Payout Ratio
2.8%
Sustainable
Dividend Streak
32 years
O Dividend Income Check
Safety
2.8% payout ratio with sustainable safety profile.
Consistency
32 straight years of dividend increases.
Income Trend
Yield on cost is 6.0% and trend is rising.
O Dividend Scorecard
Yield & Income
Dividend Yield5.4%
Trailing DPS$3.23
FrequencyMonthly
Payments / 12M13
Payout Safety
Earnings Payout2.8%
Earnings SafetySustainable
FCF Payout74.2%
FCF SafetyAdequate
Piotroski F-Score5/9
Growth
Growth Streak32 years
3Y CAGR5.5%
5Y CAGR5.1%
Yield on Cost (5Y)6.0%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield5.4%
1Y Total Return10.2%
5Y Total Return16.8%
Div Contribution (5Y)23.7%
Estimated $10K growth (return + dividends):
5Y ago$11,68110Y ago$14,33520Y ago$50,335
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
O Income Growth Story
Dividend per share and yield on cost over time (33 years of payments)
O Dividend Safety Story
EPS is the container — dividend is what's drawn out
Get O's next ex-dividend date and payout in your inbox
Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Realty Income Corporation distributes 2.8% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 74.2%, rated "Adequate".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
O has raised its dividend for 32 consecutive years, with a 3-year CAGR of 5.5% and 5-year CAGR of 5.1%.
Total Shareholder Returns
Beyond cash dividends, O returns capital through share repurchases. The combined picture: 5.4% dividend yield, 5.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.0% and is currently rising. The 5-year total return is 16.8%, with dividends contributing 23.7% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $14,335 today.
O Recent Dividend Payments
Last 20 payments · Monthly
TTM Total$5.37
Avg/Payment$0.2686
Latest Change+0.2%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.2710 | ↑ +0.2% | 5.35% | Jul 15, 2026 |
| May 29, 2026 | $0.2705 | — | 5.28% | Jun 15, 2026 |
| Apr 30, 2026 | $0.2705 | — | 5.04% | May 15, 2026 |
| Mar 31, 2026 | $0.2705 | ↑ +0.2% | 5.28% | Apr 15, 2026 |
| Feb 27, 2026 | $0.2700 | — | 4.82% | Mar 13, 2026 |
| Jan 30, 2026 | $0.2700 | — | 5.28% | Feb 13, 2026 |
| Dec 31, 2025 | $0.2700 | ↑ +0.2% | 5.72% | Jan 15, 2026 |
| Nov 28, 2025 | $0.2695 | — | 5.58% | Dec 15, 2025 |
O Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
5.4%
#2 of 9
Safety
Sustainable
2.8% payout
Streak
32Y
5.1% 5Y CAGR
Total Shareholder
5.4%
#2 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd ORealty Income Corpor… | $56.2B | 5.4% | 2.8% | 32 | Sustainable |
3rd  NNNNNN REIT, Inc. | $8.6B | 5.2% | 1.1% | 36 | Sustainable |
 ADCAgree Realty Corpora… | $8.8B | 4.2% | 1.7% | 13 | Sustainable |
 EPRTEssential Properties… | $6.3B | 4.0% | 92.5% | 8 | At Risk |
1st  GTYGetty Realty Corp. | $2.0B | 5.9% | 1.4% | 11 | Sustainable |
 NTSTNETSTREIT Corp. | $1.9B | 4.4% | 10.2% | 3 | Sustainable |
 SPGSimon Property Group… | $68.6B | 4.1% | 60.5% | 4 | Watch |
 KIMKimco Realty Corpora… | $16.4B | 4.3% | 1.2% | 2 | Sustainable |
 REGRegency Centers Corp… | $14.1B | 3.7% | 97.0% | 12 | At Risk |
O Annual Dividend History (1993–2026)
34 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.62 | — | 6 | — | — | — | 2.8% |
| 2025 | $3.49 | 21.5% | 13 | $1.17 | 298.0% | 0.34x | 6.0% |
| 2024 | $2.87 | -6.2% | 11 | $0.98 | 292.8% | 0.34x | 4.9% |
| 2023 | $3.06 | 3.0% | 12 | $1.26 | 242.8% | 0.41x | 5.3% |
| 2022 | $2.97 | 7.0% | 12 | $1.42 | 209.1% | 0.48x | 5.1% |
| 2021 | $2.77 | 2.1% | 12 | $0.87 | 318.9% | 0.31x | 4.8% |
| 2020 | $2.72 | 3.1% | 12 | $1.14 | 238.3% | 0.42x | 4.7% |
| 2019 | $2.64 | 3.0% | 12 | $1.38 | 191.0% | 0.52x | 4.5% |
| 2018 | $2.56 | 4.0% | 12 | $1.26 | 203.2% | 0.49x | 4.4% |
| 2017 | $2.46 | 5.6% | 12 | $1.10 | 223.8% | 0.45x | 4.2% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into O consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
32+ years return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
O — Frequently Asked Questions
Quick answers to the most common questions about buying O stock.
How much dividend does O pay per share?
Realty Income Corporation (O) pays a trailing 12-month dividend of $3.23 per share, with a current dividend yield of +5.4%. Payments are made Monthly.
When is O's next ex-dividend date?
O's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. O typically pays dividends Monthly.
Is O's dividend safe?
O's dividend safety is rated "Sustainable" based on an earnings payout ratio of +2.8% and FCF payout ratio of +74.2%. With 32 consecutive years of dividend growth, the track record supports sustainability.
Is O a Dividend Aristocrat?
Yes, Realty Income Corporation is classified as a Dividend Aristocrat with 32 consecutive years of dividend increases. The 5-year dividend CAGR is +5.1%, demonstrating above-inflation dividend growth.
How often does O pay dividends?
Realty Income Corporation pays dividends Monthly. The trailing 12-month total is $3.23 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in O grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in O five years ago would be worth approximately $11,681 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is O's yield on cost for long-term holders?
O's yield on cost — the current dividend divided by the original purchase price — is +6.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.4% market yield, thanks to consistent dividend growth.