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1 Delectable Dividend Stock Down 11% to Buy Now and Hold

The article from MSN Money discusses the investment potential of Realty Income Corporation (NYSE: O), a real estate investment trust (REIT) known for its monthly dividend payouts. Despite a recent 11% drop in its stock price, the article suggests that Realty Income remains an attractive buy due to its robust business model. Realty Income owns over 13,000 properties, primarily in retail, leased to tenants in industries less affected by economic downturns like e-commerce, such as grocery stores and drugstores. The company boasts a high occupancy rate of 99% and has a track record of increasing its dividend for 104 consecutive quarters, offering a current yield of 5.9%. The article highlights Realty Income's strategic acquisitions, including a significant merger with Spirit Realty Capital, which has expanded its portfolio and diversified its tenant base, thereby enhancing its stability and growth prospects. This makes Realty Income a compelling choice for investors looking for reliable income through dividends.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/1-delectable-dividend-stock-down-11-to-buy-now-and-hold/ar-AA1xON60 ]