How Much Would It Take To Earn $100 A Month From Getty Realty Stock

Getty Realty GTY is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single-tenant retail real estate.

It will report its Q4 2024 earnings on Feb. 12, 2025. Wall Street analysts expect the company to post an EPS of $0.59, up from $0.57 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $50.55 million, up from $47.64 million in the year-ago period.

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The 52-week range of Getty Realty’s stock price was $25.70 to $33.23.

Getty Realty’s dividend yield is 6.01%. Over the last 12 months, it paid $1.88 per share in dividends.

The Latest On Getty Realty

On Oct. 23, the company announced its Q3 2024 earnings, posting an FFO of $0.59, compared to the consensus estimate of $0.58 and revenues of $51.467 million, compared to the consensus of $49.655 million, as reported by Benzinga.

"We are pleased to have produced another quarter of consistent earnings growth while expanding and diversifying our portfolio of convenience and automotive retail properties,” stated Christopher J. Constant, Getty's President & Chief Executive Officer.

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How Can You Earn $100 Per Month As A Getty Realty Investor?

If you want to make $100 per month –$1,200 annually – from Getty Realty dividends, your investment value needs to be approximately $19,967, which equates to around 638 shares at $31.30 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (6.01%). So, $1,200 / 0.061 = $19,967 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Getty Realty stock an attractive option for making a steady income of $100 per month by owning 638 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Getty Realty has raised its dividend consecutively for the last 12 years. 

Check out this article by Benzinga for three more stocks with a long history of dividend hikes and high yields.

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