How to Make $500 Monthly From Realty Income Corp

Realty Income Corp. O stock price is currently around $53 and has increased its dividends for 31 straight years. Its dividend payment is expected to be $1.02 per share for the fourth quarter of 2023. Realty Income Corp. recorded revenues of $1.04 billion in the last quarter, a significant 24.1% change from last year.

To earn $500 per month or $6,000 per year from O, you'd need an investment of $105,263 or 1,956 shares. If you're looking for $100 per month or $1,200 per year, you would need to invest $21,052 or buy 391 shares.

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How to calculate:

Divide your annual desired income ($6,000 or $1,200) by the dividend yield (0.057).

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Share Price: $0.80

Min. Investment: $1,000

Valuation: $3.5B

So, $6,000/0.057 = $105,263 ($8,771 per month), and $1,200/0.057 = $21,052 ($1,754 per month).

How to Calculate Your Dividend Yield

To calculate your dividend yield, divide the annual dividend payment by the stock's current price.

If a stock pays an annual or squarely dividend of $3.07 and the current price is around $53.80, the dividend yield would be ($3.07/$53.80 = 0.057) 5.7%. However, if the stock price increases to $60, the dividend yield would be ($3.07/$60 = 0.051) 5.1%. If the stock price drops to $40, the dividend yield would be ($3.07/$40 = 0.076) 7.6%.

A company's revenue determines a rise or fall in its dividend payment. If Realty Income Corp. revenue in 2023 exceeds expected earnings, it could increase its dividend payment and boost yield.

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