Realty Income Reports Earnings on August 5; Dividend Potential Highlighted
Realty Income (NYSE: O), a well-established real estate investment trust, is set to report its second-quarter earnings after the market closes on August 5. The company has maintained an impressive track record of consistent dividend payments for nearly five decades and raised its annual payout every year for over three decades. The REIT focuses primarily on brick-and-mortar retail properties with top tenants including Walmart, Home Depot, Dollar General, and Tractor Supply. Analysts expect Q2 revenue to grow 7% year-over-year to $1.45 billion, while funds from operations per share are projected to increase slightly. Investors remain interested in Realty Income for its high yield of nearly 5%. A $15,000 investment would generate approximately $750 annually through dividends paid monthly at around $62 each month.
Topics: dividends investing real estate retail