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Realty Income dividend history

Realty Income's dividend was $3.22 a share in fiscal 2025, up 2.9% on the year before. That was 275.9% of net income. It has raised its dividend per share every year since fiscal 2017, as far back as our figures go.

Dividends, buybacks and capital spending

Dividends (TTM)
$3B
Returned to shareholders
76%
of free cash flow
Diluted share count
+4.1%
year over year
Total shareholder yield
5.5%
dividends 5.5% + buybacks 0.0% of market value
Dividend payout ratio
223%
of net income paid out

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2008Dec 20082009Dec 20092010Dec 20102011Dec 20112016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Dividend per share—————$2.53$2.63$2.71$2.79$2.83$2.97$3.05$3.13$3.22—
Dividend per share growth——————+4.1%+3.0%+3.1%+1.4%+4.7%+2.8%+2.4%+2.9%—
Dividends paid1701781832196116897628529641,1691,8132,1122,6922,9213,027
Dividends ÷ net income128.7%135.8%139.5%139.7%193.5%216.2%209.4%195.2%243.8%325.2%208.6%242.1%312.7%275.9%223.3%
Dividends ÷ free cash flow———74.4%77.6%80.1%83.2%81.5%87.1%89.7%73.5%73.1%78.0%75.6%76.1%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Compare with peers

Head to head: O vs SPGKIM vs OO vs REG

More: Retail REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Realty Income's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Realty Income.