Monday, December 29, 2008

Dominion Resoures and Realty Income Increasing their payouts

Dominion (D), which provides electricity, natural gas, and related services to customers , announced that its Board has approved an 11% increase in its quarterly dividend from $0.46 to $0.47 per common share. Dominion Corporation has consistently increased its dividends since 2005. The stock currently yields 4.50%.

Realty Income (O), the monthly dividend real estate company dedicated to providing shareholders with dependable income, announced that its Board has approved an increase in its monthly dividend from $0.141125 to $0.14175 per common share. Realty Income is a dividend achiever which has increased its dividends several times per year since 1994. The stock currently yields 6.90%. You could check my analysis of the stock from this link. To date the Company has declared 462 consecutive common stock monthly dividends throughout its 39-year operating history and increased the dividend 52 times since Realty Income's listing on the New York Stock Exchange in 1994.

Full Disclosure: Long Realty Income (O)

Relevant Articles:

- Realty Income (O) Dividend Analisys
- Why do I like Dividend Achievers
- My Dividend Growth Plan - Diversification
- National Retail Properties (NNN) Dividend Stock Analysis.

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