About Realty Income Corporation (O) — Dividend Analysis 2026
Nicknamed 'The Monthly Dividend Company', Realty Income is a net-lease REIT with 15,000+ properties across the US and Europe. It has paid monthly dividends for 55+ consecutive years with 126 dividend increases since 1994 — a true Dividend Aristocrat. Its tenants include Walgreens, Dollar General, and FedEx. A cornerstone holding for income investors.
Is O a good dividend investment in 2026?
O offers a 5.97% forward yield with a 76% payout ratio. With a safety score of 85/100, the dividend appears very safe. The 5-year dividend CAGR of 3.2% is modest — investors should weigh current income against growth alternatives.
O DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your O portfolio grows to $22.7K vs $19.4K without reinvestment — a DRIP bonus of $3.3K. This is the compound interest effect in action.
O dividend growth history & forecast
O has grown its dividend by 2.8% over the last year and 3.2% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 5.97% — illustrating why dividend growth stocks are powerful long-term wealth builders.
Affiliate links — we may earn a commission at no cost to you. Not financial advice.
🌍 O Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold O.
Gross yield
5.97%
Tax rate
15.00%
After-tax yield
5.07%
Real yield (−CPI)
2.27%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
5.97%
3.17%
$597 / yr
🇺🇸 US Taxable (15%) ✓
15%
5.07%
2.27%
$507 / yr
🇺🇸 US Taxable (20%)
20%
4.78%
1.98%
$478 / yr
🇬🇧 UK ISA
0%
5.97%
3.17%
$597 / yr
🇬🇧 UK Taxable
8.75%
5.45%
2.65%
$545 / yr
🇨🇦 TFSA
0%
5.97%
3.17%
$597 / yr
🇨🇦 CA Taxable
25%
4.48%
1.68%
$448 / yr
🇦🇺 Super (pension)
15%
5.07%
2.27%
$507 / yr
🇦🇺 AU Taxable
30%
4.18%
1.38%
$418 / yr
🇩🇪 DE Taxable
26.375%
4.40%
1.60%
$440 / yr
🇫🇷 FR Taxable
30%
4.18%
1.38%
$418 / yr
Real yield = after-tax yield minus US CPI of 2.8%. Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 O Income Goal & Break-Even
Dividend Break-Even
16yr
Years for dividends to repay your full O investment price of $52.30/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$7.8K
Lost to inflation (~2.8% CPI)
−$2.5K
Real purchasing power gain
$5.3K
How much do I need to invest in O for:
Shares needed
9,050
Capital required
$473,315
Monthly income
$2,000
Based on current dividend of $3.12/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 O Dividend Payment Schedule
O pays every month — 12 payments per year.
Jan
💰
Feb
💰
Mar
💰
Apr
💰
May
💰
Jun
💰
Jul
💰
Aug
💰
Sep
💰
Oct
💰
Nov
💰
Dec
💰
10 shares
$2.21 / payment
$26.52 / year after tax
100 shares
$22.10 / payment
$265.20 / year after tax
1,000 shares
$221.00 / payment
$2652.00 / year after tax
📊 O vs REIT Sector Benchmarks
How O compares to typical REIT sector averages.
Dividend YieldO: +5.97% vs sector avg 5.20% ✓ Better
Payout RatioO: 76.00% vs sector avg 75.00% ↓ Below avg
O━━ REIT avg: 75.00%
⚠️ Disclaimer: All projections are for educational purposes only. Dividend payments, stock prices, and growth rates are estimates based on historical data. Past performance does not guarantee future results. This is not financial advice — consult a qualified financial professional before investing. Data sourced from public financial records and updated regularly.