Realty Income (NYSE: O), which bills itself as "The Monthly Dividend Company," just announced its 676th consecutive monthly dividend. The dividend is $0.2715 per share, or $3.258 on an annualized basis. The company is a real estate investment trust (REIT) that manages a portfolio of about 15,500 properties in all 50 U.S. states, the United Kingdom, and eight other European countries. Its top tenants include Dollar General, Walgreens, and 7-Eleven. Realty Income has increased its dividend for 31 consecutive years, which makes it a Dividend Aristocrat®. The term Dividend Aristocrats® is a registered trademark of Standard & Poor's Financial Services LLC and refers to companies that have increased their dividend for at least 25 consecutive years.
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