Realty Income Corporation

O30 yrs growth

Real Estate · REIT - Retail · Stock · monthly payer

$56.08

Fairly valued · -6% Add to Portfolio

Forward Yield

5.81%

Annual Dividend

$3.26

Payout Ratio

235%

5-Yr Growth

3.5%

Ex-Date

Oct 30, 2026

Frequency

Monthly

Key facts about O's dividend

Data as of Oct 19, 2026 · Source: SmarterDividends data

As of Oct 19, 2026, Realty Income Corporation (O) has a forward dividend yield of 5.81%, based on an annual dividend of $3.26 per share and a share price of $56.08.
As of Oct 19, 2026, O's dividend safety grade from SmarterDividends is A (85 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Realty Income Corporation (O) has raised its dividend for 30 consecutive years as of Oct 19, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
O has never cut its regular dividend in the payment history SmarterDividends has on record.
O's next ex-dividend date is Oct 30, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 19, 2026, O pays out 235% of its trailing 12-month earnings as dividends (its payout ratio).
O's dividend has grown at an average rate of 3.5% a year over the past five years.
As of Oct 19, 2026, O's 5.81% yield is 16% above its five-year average yield of 5.02%.
As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for O is $52.48 per share, 6% below the $56.08 share price, so O screens as fairly valued.
Realty Income Corporation (O) pays its dividend monthly, 12 times a year.
Realty Income Corporation (O) has raised its regular dividend 87 times and cut it 0 times across the 383 payments on record since 1994. Its most recent change was a 0.4% increase to $0.272 per share, going ex-dividend on Sep 30, 2026.

Cite this page

SmarterDividends, "O Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/O

Summary

As of Oct 19, 2026, Realty Income Corporation (O) yields 5.81% ($3.26 a year per share), has a dividend safety grade of A (85/100) and has 30 consecutive years of dividend increases on record.

Is O a good dividend stock?

Yes

Realty Income Corporation (O) pays a monthly dividend yielding 5.81% ($3.26/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Dividend Aristocrat — 30 consecutive years of growth
Never cut its dividend on record
Top-tier dividend safety score

Risks

Elevated payout ratio (235%)
Share price is down over the past 5 years

Key Data

Dividend Yield: 5.81%
Payout Ratio: 235%
Annual Dividend: $3.26
5-Yr Avg Growth: 3.5%
Ex-Dividend Date: Oct 30, 2026
Years of Growth: 30
Frequency: monthly
Beta: 0.70
Market Cap: $53.1B
P/E Ratio: 40.6
5-Yr Total Return: -17%
52-Week Range: $53.15 – $67.94
Dividend Safety: A · 85/100
Ever Cut?: No

O dividend raises and cuts

Realty Income Corporation (O) has raised its regular dividend 87 times and cut it 0 times across the 383 payments on record since 1994. Its most recent change was a 0.4% increase to $0.272 per share, going ex-dividend on Sep 30, 2026.

Ex-date	Change	Old → new	Move
Sep 30, 2026	Raise	$0.271 → $0.272	+0.4%
Mar 31, 2026	Raise	$0.270 → $0.271	+0.4%
Oct 1, 2025	Raise	$0.269 → $0.270	+0.4%
Apr 1, 2025	Raise	$0.268 → $0.269	+0.4%
Mar 3, 2025	Raise	$0.264 → $0.268	+1.5%
Oct 1, 2024	Raise	$0.263 → $0.264	+0.4%
Jun 3, 2024	Raise	$0.257 → $0.263	+2.3%
Dec 29, 2023	Raise	$0.256 → $0.257	+0.4%
Jun 30, 2023	Raise	$0.255 → $0.256	+0.4%
Feb 28, 2023	Raise	$0.249 → $0.255	+2.4%
Dec 30, 2022	Raise	$0.248 → $0.249	+0.4%
Jun 30, 2022	Raise	$0.247 → $0.248	+0.4%

Show all 87 changes since 1995

Ex-date	Change	Old → new	Move
Dec 31, 2021	Raise	$0.246 → $0.247	+0.4%
Nov 30, 2021	Raise	$0.229 → $0.246	+7.6%
Jun 30, 2021	Raise	$0.228 → $0.229	+0.4%
Dec 31, 2020	Raise	$0.227 → $0.228	+0.4%
Jun 30, 2020	Raise	$0.226 → $0.227	+0.4%
Jan 31, 2020	Raise	$0.221 → $0.226	+2.2%
Dec 31, 2019	Raise	$0.220 → $0.221	+0.4%
Jun 28, 2019	Raise	$0.219 → $0.220	+0.4%
Jan 31, 2019	Raise	$0.214 → $0.219	+2.3%
Sep 28, 2018	Raise	$0.213 → $0.214	+0.5%
Mar 29, 2018	Raise	$0.212 → $0.213	+0.5%
Jan 31, 2018	Raise	$0.206 → $0.212	+2.8%
Dec 29, 2017	Raise	$0.205 → $0.206	+0.5%
Jun 29, 2017	Raise	$0.204 → $0.205	+0.5%
Jan 30, 2017	Raise	$0.197 → $0.204	+3.9%
Dec 29, 2016	Raise	$0.196 → $0.197	+0.5%
Aug 30, 2016	Raise	$0.194 → $0.196	+1.0%
Jun 29, 2016	Raise	$0.193 → $0.194	+0.5%
Jan 28, 2016	Raise	$0.185 → $0.193	+4.2%
Sep 29, 2015	Raise	$0.184 → $0.185	+0.5%
Mar 30, 2015	Raise	$0.183 → $0.184	+0.5%
Jan 29, 2015	Raise	$0.177 → $0.183	+3.3%
Jun 27, 2014	Raise	$0.176 → $0.177	+0.5%
Jun 27, 2013	Raise	$0.175 → $0.176	+0.6%
Jan 30, 2013	Raise	$0.147 → $0.175	+19.1%
Dec 28, 2012	Raise	$0.146 → $0.147	+0.7%
Aug 30, 2012	Raise	$0.141 → $0.146	+3.4%
Dec 28, 2011	Raise	$0.141 → $0.141	+0.7%
Mar 30, 2011	Raise	$0.140 → $0.141	+0.7%
Jun 29, 2010	Raise	$0.139 → $0.140	+0.7%
Sep 29, 2009	Raise	$0.138 → $0.139	+0.7%
Dec 30, 2008	Raise	$0.137 → $0.138	+0.7%
Aug 28, 2008	Raise	$0.134 → $0.137	+2.2%
Jun 27, 2008	Raise	$0.133 → $0.134	+0.7%
Dec 28, 2007	Raise	$0.132 → $0.133	+0.7%
Aug 30, 2007	Raise	$0.124 → $0.132	+6.3%
Jun 28, 2007	Raise	$0.123 → $0.124	+0.8%
Mar 29, 2007	Raise	$0.122 → $0.123	+0.8%
Sep 28, 2006	Raise	$0.121 → $0.122	+0.8%
Aug 30, 2006	Raise	$0.114 → $0.121	+5.9%
Jun 29, 2006	Raise	$0.113 → $0.114	+0.9%
Mar 30, 2006	Raise	$0.112 → $0.113	+0.9%
Sep 29, 2005	Raise	$0.111 → $0.112	+0.9%
Aug 30, 2005	Raise	$0.108 → $0.111	+3.6%
Mar 30, 2005	Raise	$0.107 → $0.108	+0.9%
Dec 30, 2004	Raise	$0.106 → $0.107	+0.9%
Sep 29, 2004	Raise	$0.105 → $0.106	+0.5%
Aug 30, 2004	Raise	$0.0984 → $0.105	+6.9%
Jun 29, 2004	Raise	$0.0969 → $0.0984	+1.5%
Dec 30, 2003	Raise	$0.0959 → $0.0969	+1.0%
Sep 29, 2003	Raise	$0.0954 → $0.0959	+0.5%
Jun 27, 2003	Raise	$0.0950 → $0.0954	+0.5%
Mar 28, 2003	Raise	$0.0945 → $0.0950	+0.5%
Dec 30, 2002	Raise	$0.0935 → $0.0945	+1.0%
Jun 27, 2002	Raise	$0.0925 → $0.0935	+1.0%
Mar 27, 2002	Raise	$0.0921 → $0.0925	+0.5%
Dec 28, 2001	Raise	$0.0916 → $0.0921	+0.5%
Sep 27, 2001	Raise	$0.0911 → $0.0916	+0.5%
Jun 28, 2001	Raise	$0.0901 → $0.0911	+1.1%
Mar 29, 2001	Raise	$0.0896 → $0.0901	+0.5%
Dec 28, 2000	Raise	$0.0887 → $0.0896	+1.1%
Sep 28, 2000	Raise	$0.0887 → $0.0891	+0.5%
Jun 29, 2000	Raise	$0.0877 → $0.0887	+1.1%
Mar 30, 2000	Raise	$0.0872 → $0.0877	+0.6%
Dec 30, 1999	Raise	$0.0862 → $0.0872	+1.1%
Sep 29, 1999	Raise	$0.0848 → $0.0862	+1.7%
Jun 29, 1999	Raise	$0.0833 → $0.0848	+1.7%
Mar 30, 1999	Raise	$0.0824 → $0.0833	+1.2%
Dec 30, 1998	Raise	$0.0814 → $0.0824	+1.2%
Sep 29, 1998	Raise	$0.0799 → $0.0814	+1.8%
Jun 29, 1998	Raise	$0.0785 → $0.0799	+1.9%
Mar 30, 1998	Raise	$0.0775 → $0.0785	+1.3%
Nov 26, 1997	Raise	$0.0766 → $0.0775	+1.3%
Jan 30, 1997	Raise	$0.0746 → $0.0766	+2.6%
Aug 30, 1995	Raise	$0.0727 → $0.0751	+3.3%

Every O payment →Download every raise and cut (CSV)

O ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →O dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is O a good dividend stock?

Yes. Realty Income Corporation (O) pays a monthly dividend yielding 5.81% ($3.26/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is O undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, O's fair value is about $52.48 versus a $56.08 share price — so it looks fairly valued (-6% vs. fair value).

Is O's dividend safe?

O has a dividend-safety grade of A (85/100), based on its payout coverage, free-cash-flow, 30-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is O's fair value?

Our blended fair-value estimate for O is about $52.48 per share, about 6% below the current $56.08 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is O a buy, hold, or sell?

We don't issue formal ratings, but on the data O screens as "yes" and fairly valued. Realty Income Corporation (O) pays a monthly dividend yielding 5.81% ($3.26/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will O cut its dividend?

O earns a dividend-safety grade of A (85/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does O pay a dividend?

Yes. Realty Income Corporation pays a monthly dividend of about $3.26 per share annually, a forward yield of roughly 5.81%.

What is O's dividend yield?

As of Oct 19, 2026, O's forward dividend yield is 5.81%, based on a $3.26 annual dividend and a $56.08 share price.

What is O's dividend per share?

As of Oct 19, 2026, O pays $3.26 per share per year, distributed on a monthly basis.

What is O's dividend payout ratio?

As of Oct 19, 2026, O's payout ratio is 235% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has O grown its dividend?

As of Oct 19, 2026, O has increased its dividend for 30 consecutive years.

When is the next O ex-dividend date?

As of Oct 19, 2026, the next ex-dividend date on record for O is Oct 30, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full O dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 30, 2026	Oct 15, 2026	$0.2720	regular
Aug 31, 2026	Sep 15, 2026	$0.2710	regular
Jul 31, 2026	Aug 14, 2026	$0.2710	regular
Jun 30, 2026	Jul 15, 2026	$0.2710	regular
May 29, 2026	Jun 15, 2026	$0.2710	regular
Apr 30, 2026	May 15, 2026	$0.2710	regular
Mar 31, 2026	Apr 15, 2026	$0.2710	regular
Feb 27, 2026	Mar 13, 2026	$0.2700	regular
Jan 30, 2026	Feb 13, 2026	$0.2700	regular
Dec 31, 2025	Jan 15, 2026	$0.2700	regular
Nov 28, 2025	Dec 15, 2025	$0.2700	regular
Oct 31, 2025	Nov 14, 2025	$0.2700	regular
Oct 1, 2025	Oct 15, 2025	$0.2700	regular
Sep 2, 2025	Sep 15, 2025	$0.2690	regular