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On Feb. 19, 2025, Realty Income (O) increased its monthly dividend by 1.52%, from 26.4 cents to 26.8 cents per share. The dividend is payable on March 14 to shareholders of record on March 3. 

The REIT's contribution to my portfolio's projected annual dividend income will increase by $12 to $804.

I own 250 shares of the REIT at an average cost of $51.24 per share. Following this increase, my yield on cost is 6.28% (Realty Income's forward yield is 5.63% at $57.09 per share).

Since opening my position in August 2015, Realty Income has generated a total return of 33%, including $2,808.10 in dividend income. That's a solid annualized rate of return of 6.9%.

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