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O Dividend Calculator: Project Realty Income Monthly Dividend Income

Realty Income calls itself "The Monthly Dividend Company" — a REIT that owns thousands of commercial properties under long-term net leases and sends shareholders a payment every month. Monthly cash flow is its defining feature.

REITs are required to distribute at least 90% of taxable income, which is why yields are high. The flip side: most distributions are taxed as ordinary income unless held in a retirement account, and rising rates pressure property valuations.

Use this calculator to project O income with reinvestment on or off, model monthly contributions, and solve backwards from a monthly goal.

Run O in the calculatorCompare dividend ETFs

Data as of September 27, 2026 · Sources: Yahoo Finance and company filings.

Share price
$55.54
Dividend yield (TTM)
5.87%
TTM dividend / share
$3.24
Distribution frequency
Monthly
Payout ratio
n/a
Market cap
$52.6B
How much O do you need for your income goal?

Capital required at the current 5.87% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$102.2K1,841
$1,000/month$12.0K$204.4K3,681
$2,000/month$24.0K$408.9K7,362
$3,000/month$36.0K$613.3K11,043
$5,000/month$60.0K$1.0M18,404
$10,000/month$120.0K$2.0M36,808

Estimates only. Yield, share price, and distributions change over time. Use the full calculator to model monthly contributions, dividend growth, taxes, and reinvestment.

How long to reach your O income goal?

Years until projected dividend income first reaches each target, starting from zero with every distribution reinvested. Assumes today's 5.87% yield and dividend growth consistent with the fund's record; taxes and withdrawals are excluded.

Monthly contribution$500/month$1,000/month$2,000/month$5,000/month
$250/month16 yr21 yr27 yr34 yr
$500/month11 yr16 yr21 yr29 yr
$1,000/month7 yr11 yr16 yr23 yr

Projections assume a constant yield, dividend growth consistent with the holding's recent record, no price changes beyond its recent trend, and full reinvestment. Actual results will differ. Dividend income is shown before taxes.

Who O is for
  • Income investors who want monthly rather than quarterly cash flow
  • Retirement accounts, where REIT distributions avoid annual ordinary-income tax
  • Investors seeking real-estate exposure without managing property
  • Portfolios that pair monthly payers with quarterly dividend growth names
Trade-offs to understand
  • REIT distributions are generally taxed as ordinary income in taxable accounts
  • The payout includes depreciation-driven return of capital, which lowers cost basis
  • Rising rates and tenant credit issues can pressure the share price

About Realty Income Corporation

Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of June 30, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as "The Monthly Dividend Company" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 674 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index for having increased our dividend for over 31 consecutive years. Realty Income Corporation was founded in 1969 and was incorporated in Maryland.

O key facts
MetricValue
CompanyRealty Income Corporation
SectorReal Estate
IndustryREIT - Retail
TickerO
Share price$55.54
Dividend yield (TTM)5.87%
Annual dividend / share$3.26
TTM distributions / share$3.24
Payout ration/a
Distribution frequencyMonthly
Market cap$52.6B

Figures are the latest available and change with price and company reporting. The payout ratio is omitted when reported earnings distort it above 120% — common for REITs and companies with large one-off charges. Historical performance is not a forecast.

O dividend history and payout schedule
TTM / share
$3.24
Yield (TTM)
5.87%
Annual growth
2.3%
Pays in
January, February, March, April, May, June, July, August, September, October, November, December
Payment datePer share
August 31, 2026$0.27
July 31, 2026$0.27
June 30, 2026$0.27
May 29, 2026$0.27
April 30, 2026$0.27
March 31, 2026$0.27
February 27, 2026$0.27
January 30, 2026$0.27

Annual growth compares the latest twelve months of distributions with the twelve months ending four years earlier and is not a forecast. Past distributions can be reduced or suspended.

O frequently asked questions

Realty Income yields about 5.87% per year on a trailing basis at $55.54 per share. REITs pay out at least 90% of taxable income, so yields are structurally higher than most operating companies.

At a 5.87% yield, $12,000 per year requires roughly $204.4K, or about 3,681 shares at $55.54. Because Realty Income pays monthly, that income arrives in twelve payments rather than four.

Yes. Realty Income distributes monthly, recently in January, February, March, April, May, June, July, August, September, October, November, December. The trailing twelve-month distribution totals about $3.24 per share, and payments can be reinvested automatically through most brokers.

REIT distributions are generally taxed as ordinary income, not qualified dividends, and a portion may be classified as return of capital that reduces your cost basis. Holding O in an IRA or Roth avoids the annual tax drag. Confirm your own situation with a tax professional.

Comparing the latest twelve months of distributions with the twelve months ending four years earlier, Realty Income's per-share payout has grown at roughly 2.3% per year. REIT payouts grow with rents and acquisitions and are not guaranteed.

Realty Income's long-term net leases to credit tenants have historically produced resilient cash flow, and the company has paid monthly dividends for decades. Tenant defaults, refinancing costs, and rate moves still affect the payout's safety and growth.

Investing $500 a month with all distributions reinvested, O's projected dividend income reaches $1,000 a month in about 16 years. By then you would have contributed roughly $96.0K and the projected portfolio value would be about $163.5K. This assumes today's 5.87% yield and the growth assumptions shown in the calculator, with no taxes or withdrawals — projections, not guarantees.
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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. Data is sourced from Yahoo Finance and company filings and may be delayed or contain errors. Dividends are not guaranteed and can be reduced or suspended. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.