Realty Income (NYSE: O) has outperformed the S&P 500 index since the turn of the century, turning a $10,000 investment into around $56,000 today. The REIT’s high yield and consistent dividend growth have been key factors in its success, making it a popular choice for income investors.

Although REITs were once a niche asset class, their inclusion in larger investors’ portfolios has helped drive growth. Realty Income’s stock price has significantly outperformed the S&P 500, with a $10,000 investment growing to over $230,000 with dividend reinvestment.

Realty Income’s high yield of approximately 5.6% makes it an attractive option for income investors, especially compared to the S&P 500’s yield of about 1.2%. The stock’s price is currently down around 30% from pre-pandemic levels, presenting a potential buying opportunity for long-term investors.

Realty Income has a track record of increasing its dividend annually for 30 consecutive years, making it a reliable choice for income-focused portfolios. While not a high-growth stock, its consistent performance and dividend yield can provide a stable foundation for long-term wealth accumulation.

Investing in Realty Income may not make you a millionaire overnight, but its reliable dividend and potential for price appreciation offer a solid long-term investment opportunity. Pairing it with higher-growth investments can help diversify and strengthen your portfolio for sustained growth over time.

Read more at Yahoo Finance: Could Investing $10,000 in Realty Income Make You a Millionaire?