Own Realty Income By Sept. 30 to Qualify for Its Oct. 15 Dividend. Here's How Many Shares You'd Need for $1,251 in Yearly Dividends.

Realty Income Corp. (NYSE: O) will pay its next monthly dividend on Oct. 15, but shareholders must be on the books by the ex-dividend date of Sept. 30. The REIT currently yields 5.2% on a trailing-12-month basis. With the dividend set at $3.25 per share and a history of increasing it every quarter for 115 consecutive quarters, the article estimates how many shares are needed for a target of $1,251 in annual dividends. At an assumed price of about $57 per share, that requires 385 shares, or roughly $21,945 today. The piece also notes an example for 2015 purchases and includes a reminder that Realty Income was not selected by a specific Motley Fool Stock Advisor list.