Realty Income (O) Dividend History & Yield
Realty Income (O) has increased its dividend for 2 consecutive years and currently yields 5.20%. The most recent dividend was $0.2705/share on May 15, 2026, paid Monthly.
Current Yield
5.20%
TTM Dividend/Share
$3.23
Payment Frequency
Monthly
Payout Ratio
265.2%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
21.54%
Div Growth (5Y CAGR)
5.12%
Div Growth (10Y CAGR)
4.66%
O: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
10.3%
FCF payout ratio
18.1%
Net debt / EBITDA
7.3x
Interest coverage
5.93x
ROIC (TTM)
2.0%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 265.2%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.42) covers dividend/share ($3.23).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 18.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 7.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.1%) exceeds EPS growth (0.7%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 29, 2026
- Payment date
- Jun 15, 2026
- Dividend
- $0.2705
- Adj. dividend
- $0.2705
Ex-date Apr 30, 2026
- Payment date
- May 15, 2026
- Dividend
- $0.2705
- Adj. dividend
- $0.2705
Ex-date Mar 31, 2026
- Payment date
- Apr 15, 2026
- Dividend
- $0.2705
- Adj. dividend
- $0.2705
Ex-date Feb 27, 2026
- Payment date
- Mar 13, 2026
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date Jan 30, 2026
- Payment date
- Feb 13, 2026
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date Dec 31, 2025
- Payment date
- Jan 15, 2026
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date Nov 28, 2025
- Payment date
- Dec 15, 2025
- Dividend
- $0.2695
- Adj. dividend
- $0.2695
Ex-date Oct 31, 2025
- Payment date
- Nov 14, 2025
- Dividend
- $0.2695
- Adj. dividend
- $0.2695
Ex-date Oct 1, 2025
- Payment date
- Oct 15, 2025
- Dividend
- $0.2695
- Adj. dividend
- $0.2695
Ex-date Sep 2, 2025
- Payment date
- Sep 15, 2025
- Dividend
- $0.2690
- Adj. dividend
- $0.2690
Ex-date Aug 1, 2025
- Payment date
- Aug 15, 2025
- Dividend
- $0.2690
- Adj. dividend
- $0.2690
Ex-date Jul 1, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $0.2690
- Adj. dividend
- $0.2690
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 29, 2026 | Jun 15, 2026 | $0.2705 | $0.2705 |
| Apr 30, 2026 | May 15, 2026 | $0.2705 | $0.2705 |
| Mar 31, 2026 | Apr 15, 2026 | $0.2705 | $0.2705 |
| Feb 27, 2026 | Mar 13, 2026 | $0.2700 | $0.2700 |
| Jan 30, 2026 | Feb 13, 2026 | $0.2700 | $0.2700 |
| Dec 31, 2025 | Jan 15, 2026 | $0.2700 | $0.2700 |
| Nov 28, 2025 | Dec 15, 2025 | $0.2695 | $0.2695 |
| Oct 31, 2025 | Nov 14, 2025 | $0.2695 | $0.2695 |
| Oct 1, 2025 | Oct 15, 2025 | $0.2695 | $0.2695 |
| Sep 2, 2025 | Sep 15, 2025 | $0.2690 | $0.2690 |
| Aug 1, 2025 | Aug 15, 2025 | $0.2690 | $0.2690 |
| Jul 1, 2025 | Jul 15, 2025 | $0.2690 | $0.2690 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Realty Income has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 2 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.4870 | — | — |
| 2025 | $2.8690 | $3.4870 | +21.5% |
| 2024 | $3.0590 | $2.8690 | -6.2% |
| 2023 | $2.9690 | $3.0590 | +3.0% |
| 2022 | $2.7745 | $2.9690 | +7.0% |
| 2021 | $2.7170 | $2.7745 | +2.1% |
| 2020 | $2.6356 | $2.7170 | +3.1% |
| 2019 | $2.5601 | $2.6356 | +3.0% |
| 2018 | $2.4613 | $2.5601 | +4.0% |
| 2017 | $2.3314 | $2.4613 | +5.6% |
| 2016 | $2.2113 | $2.3314 | +5.4% |
| 2015 | $2.1231 | $2.2113 | +4.2% |
| 2014 | $2.1115 | $2.1231 | +0.6% |
| 2013 | $1.7229 | $2.1115 | +22.6% |
| 2012 | $1.6851 | $1.7229 | +2.2% |
| 2011 | $1.6696 | $1.6851 | +0.9% |
| 2010 | $1.6551 | $1.6696 | +0.9% |
| 2009 | $1.6153 | $1.6551 | +2.5% |
| 2008 | $1.5213 | $1.6153 | +6.2% |
| 2007 | $1.4031 | $1.5213 | +8.4% |
| 2006 | $1.3120 | $1.4031 | +6.9% |
| 2005 | $1.2098 | $1.3120 | +8.4% |
| 2004 | $1.1449 | $1.2098 | +5.7% |
| 2003 | $1.1173 | $1.1449 | +2.5% |
| 2002 | $1.0896 | $1.1173 | +2.5% |
| 2001 | $1.0601 | $1.0896 | +2.8% |
| 2000 | $1.0150 | $1.0601 | +4.4% |
| 1999 | $0.9569 | $1.0150 | +6.1% |
| 1998 | $0.9205 | $0.9569 | +3.9% |
| 1997 | $0.8251 | $0.9205 | +11.6% |
| 1996 | $1.0359 | $0.8251 | -20.3% |
| 1995 | — | $1.0359 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Realty Income (O) from the consolidated cash flow statement, in USD as filed.
Latest period
$2.21B
YoY change
N/A
5Y CAGR
N/A
Peak year (2025)
$2.92B
Latest annual
$2.92B
Cash dividends paid over time for Realty Income (O)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Realty Income (O)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.92B | — | +$2.92B | ||
| 2024 | $0 | — | $0 | ||
| 2023 | $0 | — | $0 | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | — | $0 | ||
| 2020 | $0 | — | $0 | ||
| 2019 | $0 | — | $0 | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | -100.0% | -$83.84M | ||
| 2003 | $83.84M | +7.4% | +$5.80M | ||
| 2002 | $78.04M | +20.3% | +$13.17M | ||
| 2001 | $64.87M | +11.3% | +$6.61M | ||
| 2000 | $58.26M | +4.2% | +$2.34M | ||
| 1999 | $55.92M | +6.9% | +$3.63M | ||
| 1998 | $52.30M | +17.8% | +$7.90M | ||
| 1997 | $44.40M | -7.7% | -$3.70M | ||
| 1996 | $48.10M | +31.1% | +$11.40M | ||
| 1995 | $36.70M | -17.9% | -$8.00M | ||
| 1994 | $44.70M | — | +$44.70M | ||
| 1993 | $0 | — | — |
2025's annual dividends paid for Realty Income (O) came in at $2.92B.
2025 marks the peak dividends paid at $2.92B, with the historical low of $0 recorded in 1993.
Among 8 Real Estate peers, Realty Income (O) ranks 3rd; the peer median for dividends paid is $2.09B.
Realty Income Dividends Paid 2025: $2.92B
Realty Income dividends paid in 2025 was $2.92B.
Realty Income Dividends Paid 2024: $0
Realty Income dividends paid in 2024 was $0.
Realty Income Dividends Paid 2023: $0
Realty Income dividends paid in 2023 was $0.
Realty Income Dividends Paid 2022: $0
Realty Income dividends paid in 2022 was $0.
Realty Income Dividends Paid 2021: $0
Realty Income dividends paid in 2021 was $0.
See more financial history for Realty Income (O).
Sector peers by dividends paid
Companies in the same sector as Realty Income, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Prologis (PLD) | $3.76B | Real Estate |
| American Tower (AMT) | $3.16B | Real Estate |
| Simon Property Group (SPG) | $2.79B | Real Estate |
| Public Storage (PSA) | $2.30B | Real Estate |
| Welltower (WELL) | $1.88B | Real Estate |
| Equinix (EQIX) | $1.86B | Real Estate |
| Digital Realty Trust (DLR) | $1.73B | Real Estate |
| Ventas (VTR) | $860.06M | Real Estate |
Frequently asked questions
Does Realty Income pay dividends?
Yes, Realty Income (O) pays monthly dividends of approximately $3.23 per share annually, yielding 5.20%.
What is Realty Income's dividend yield?
Realty Income (O) has a current dividend yield of 5.20%.
Is Realty Income's dividend safe?
Realty Income (O) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Realty Income increased its dividend?
Realty Income (O) has 2 consecutive years of dividend increases.
What is Realty Income's dividend payout ratio?
Realty Income (O) has a dividend payout ratio of 265.2%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Realty Income's dividends paid?
Latest reported dividends paid for Realty Income (O) is $2.21B (period ending March 31, 2026).
When did Realty Income dividends paid hit its highest annual value?
Realty Income dividends paid reached its highest annual value of $2.92B in 2025.
What was Realty Income dividends paid in 2024?
Realty Income (O) dividends paid in 2024 was $0.
What was Realty Income dividends paid in 2025?
Realty Income (O) dividends paid in 2025 was $2.92B.
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