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1 Magnificent Dividend King Down 33% to Buy and Hold Forever

The article from MSN Money discusses the investment potential of Realty Income Corporation (NYSE: O), a real estate investment trust (REIT) known for its consistent dividend payments, having increased its dividend for 26 consecutive years, earning it the status of a Dividend King. Despite a significant drop in its stock price by about 33% from its peak, the article suggests that Realty Income remains an attractive buy-and-hold investment due to its diversified portfolio of over 13,000 properties, primarily in retail, which includes tenants like Walgreens and 7-Eleven. Realty Income's business model focuses on single-tenant properties with long-term net leases, providing stable rental income. The company's financial health is highlighted by its ability to maintain a high occupancy rate, its recent acquisition of Spirit Realty Capital, and its strategic moves into new sectors like gaming and vertical farming. The article argues that despite short-term economic pressures, Realty Income's long-term outlook remains strong, supported by its consistent dividend growth and a yield of 5.9%, making it a compelling choice for investors looking for reliable income over the long term.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/1-magnificent-dividend-king-down-33-to-buy-and-hold-forever/ar-AA1xrBj3 ]