Realty Income Corporation
O30 yrs growthReal Estate · Stock · monthly payer
Forward Yield
5.29%
Annual Dividend
$3.25
Payout Ratio
236%
5-Yr Growth
3.5%
Ex-Date
Aug 31, 2026
Frequency
Monthly
Summary
As of September 2026, Realty Income Corporation (O) yields 5.29% ($3.25 per share annually), with a blended fair-value estimate of $50.42 — -19% downside, so it screens as overvalued. Dividend safety grade: A (87/100). 30 years of dividend growth.
Is O a good dividend stock?
YesRealty Income Corporation (O) pays a monthly dividend yielding 5.29% ($3.25/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 (236%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.29%
- Payout Ratio
- 236%
- Annual Dividend
- $3.25
- 5-Yr Avg Growth
- 3.5%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 30
- Frequency
- monthly
- Beta
- 0.72
- Market Cap
- $58.4B
- P/E Ratio
- 44.7
- 5-Yr Total Return
- -1%
- 52-Week Range
- $55.86 – $67.94
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
O Price — Last 12 Months
Daily close
Price Return
1 Year
+2%
3 Years
+24%
5 Years
-1%
52-Week Range
$55.86 – $67.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is O worth?
Overvaluedlow confidenceOur blended fair-value estimate for Realty Income Corporation is $50.42 per share, versus a market price of $61.98. That implies 19% of downside.
Fair Value
$50.42
Current Price
$61.98
Downside
-19%
Margin of Safety
-23%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.9% discount rate (CAPM), -2.6% stage-1 growth, 2.5% terminal growth, $1.38 EPS, $3.25 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
O Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.2710 | regular |
| Jul 31, 2026 | — | $0.2710 | regular |
| Jun 30, 2026 | — | $0.2710 | regular |
| May 29, 2026 | — | $0.2710 | regular |
| Apr 30, 2026 | — | $0.2710 | regular |
| Mar 31, 2026 | — | $0.2710 | regular |
| Feb 27, 2026 | — | $0.2700 | regular |
| Jan 30, 2026 | — | $0.2700 | regular |
| Dec 31, 2025 | — | $0.2700 | regular |
| Nov 28, 2025 | — | $0.2700 | regular |
| Oct 31, 2025 | — | $0.2700 | regular |
| Oct 1, 2025 | — | $0.2700 | regular |
| Sep 2, 2025 | — | $0.2690 | regular |
| Aug 1, 2025 | — | $0.2690 | regular |
Income Calculator
At $3.25 / yr per share
