Keep an eye on Realty Income – “The Monthly Dividend Company.”
Not only is the real estate investment trust (REIT) oversold at the moment, but as we wait for it to recover, we can collect its current monthly yield of 5.89%.
In February, the company declared the 644th consecutive common stock monthly dividend. The dividend amount of $0.2565 per share, representing an annualized amount of $3.078 per share, is payable on March 15, 2024 to stockholders of record as of March 1, 2024. If you missed the cutoff, don’t worry. Its next payout will be a month from now.
When markets get a bit volatile, dividend stocks are a great way to keep your portfolio safe, and help generate consistent income.