Realty Income raises monthly dividend after 10-year Treasury yield climbs
1 report, 1 independent
Updated Nov 4
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What happened
Realty Income raised its monthly dividend to $0.274 a share from $0.2715. This is the 137th increase since the company listed on the New York Stock Exchange in 1994. The dividend increase occurred hours after the 10-year Treasury yield traded above 5%, lifting the annual payout to $3.288 a share.
From aol.com
Why it matters
The dividend increase was announced as the 10-year Treasury yield climbed above 5%. The company's action suggests confidence that the dividend is covered regardless of bond market movements. At Tuesday's close, the stock yielded 5.5%.
From aol.com
Who's involved
- New York Stock ExchangeStock exchange where Realty Income trades
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The entities involved
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New York Stock Exchange
American stock exchange