O Ex-Dividend Date & Dividend Calculator

Realty Income Corporation (O) is a REIT (real estate investment trust), legally required to distribute at least 90% of taxable income as dividends, and currently pays a monthly distribution at a yield of 5.3%. Stable cash flow from rental income is a strength, though both share price and dividend can come under pressure during rate-hike cycles.

When evaluating a REIT, checking FFO (Funds From Operations) and occupancy metrics alongside the yield gives a more accurate read on dividend sustainability. See the complete dividend-types guide and the rebalancing guide.

Product structure — O, a commercial real estate REIT widely known for paying dividends monthly, operates under REIT rules requiring at least 90% of taxable income to be distributed as dividends.

Payout mechanics — The listed yield is 5.3% (as of 2026.09.06), paid monthly. Payments has stayed very stable payment to payment (variability score 0.00). O's recent payments haven't varied enough to trigger the variable-dividend classification. The per-payment amount is about $0.2710, paid roughly 12 times a year. This figure is recalculated every period, so it isn't guaranteed to hold going forward — it's a reference point based on past payment history. When making decisions about O, it's safer to treat the $0.2710 figure above as one reference among several rather than the sole basis.

Risk to watch — Even with stable rental income, a rising-rate environment can squeeze both the stock price and the payout through higher funding costs and weaker relative appeal. Per official disclosure, the next ex-dividend date is 2026-08-31 — the prior day's close is the holding cutoff. See the full dividend-dates guide and the REIT investing guide, then check the 5-year simulator. When making decisions about O, it's safer to treat the $0.2710 figure above as one reference among several rather than the sole basis.

Summary — Realty Income Corporation pays $0.2710 per monthly period. At 12 payments a year that annualizes to roughly $3.25, a simple projection that assumes no change to the current payment. For O, it's worth cross-referencing the fact that payments has stayed very stable payment to payment (variability score 0.00) against the figures in the card above. Every number here carries the same caveat — it's a snapshot, not a guarantee. When making decisions about O, it's safer to treat the $0.2710 figure above as one reference among several rather than the sole basis.