This More Than 5%-Yielding Stock Just Declared Its 671st Consecutive Monthly Dividend.
Here’s Why It’s a Must Buy for Passive Income
Realty Income (NYSE: O) takes its monthly dividend payments seriously. The real estate investment trust (REIT) also goes by the registered trademarked nickname of “The Monthly Dividend Company.” Meanwhile, its stated mission is to “invest in people and places to deliver dependable monthly dividends that increase over time.” The REIT has certainly backed that up over the years. It recently declared its 671st consecutive monthly dividend.
That’s more than half a century of income consistency. Here’s why you’ll want to buy the REIT if you desire to generate passive income. As bankable as it gets Realty Income has everything you’d want in a passive income investment.