For the past 40 years, this firm has become an elite source of income for investors, thanks in large part to the 543 consecutive monthly dividends it has paid. I’m willing to bet most of you have never heard of it. Yet the company I’m referring to has become the very definition of a monthly dividend-paying stock. It’s never missed a single one of its monthly dividends since 1969, shelling out more than $3.5 billion to shareholders during its 40+ year run. And that payout has increased 81 times during that span as well. I’m talking about Realty Income Corp… Read More
For the past 40 years, this firm has become an elite source of income for investors, thanks in large part to the 543 consecutive monthly dividends it has paid. I’m willing to bet most of you have never heard of it. Yet the company I’m referring to has become the very definition of a monthly dividend-paying stock. It’s never missed a single one of its monthly dividends since 1969, shelling out more than $3.5 billion to shareholders during its 40+ year run. And that payout has increased 81 times during that span as well. I’m talking about Realty Income Corp (NYSE: O). Despite this impressive and consistent track record, you may be wondering why you’ve never heard of the company before. That’s because Realty Income is a real estate investment trust (REIT). The average investor on the street has probably never heard of this lucrative asset class, but it’s exactly the kind of off-the-radar investment I look for to deliver market-beating income in my premium advisory, High-Yield Investing. You see, thanks to their unique structure, REITs are obligated by law to pass along 90% of their income to investors — in the form of dividends. That means a company like… Read More