Realty Income increases its dividend regularly, leading to a higher investment yield. Since its listing in 1994, the REIT has raised its monthly dividend 132 times, with a 259% increase in payouts. The company has paid out a total of $17.6 billion in dividends in the last 30 years.

With a current yield of over 5.5%, Realty Income offers a lucrative income stream for investors. For instance, 100 shares purchased in 2014 for $4,771 generated $220 in annual dividend income, now increased to $323 per year. The REIT’s dividend income has risen by 47% over the past decade.

Realty Income’s solid real estate portfolio positions it to continue increasing its monthly dividend. It owns 15,500 properties leased to 1,650 clients, with tenants covering operating costs. The company pays out 75% of its cash flow in dividends and is expected to generate $843.5 million in free cash flow this year.

Realty Income has expanded its investment opportunities into various property types and geographic regions, increasing its total addressable market to $14 trillion. While it has sourced $97 billion in new investment opportunities this year, it remains selective, closing deals worth $3.9 billion by focusing on the best opportunities.

Realty Income is a dividend powerhouse with a history of increasing payouts. The REIT’s financial flexibility, massive opportunity set, and disciplined investment approach set it up for continued dividend growth. Investors seeking passive income can rely on Realty Income’s consistent performance.

Read more at Yahoo Finance: Want to Make Passive Income? Buy This Dividend Powerhouse and Never Look Back.