O Dividend Calculator
Realty Income Corporation distributes every month. The field below opens with O's own recorded trailing payout of $3.2410 per share, as of 2026-08-17.
Enter the share price you are paying to see the projection. We publish no price data, so this is the one figure the page cannot fill in for you.
Payout figures read from Realty Income on Aug 17, 2026. You supply the share price. The O record page holds every payment behind these figures.
What the O Calculator Loads, and the Arithmetic Behind It
The 12 O payments with ex-dates between September 2, 2025 and August 17, 2026 add up to $3.2410 per share once split adjustment is applied. Worked on a round position, 1,000 shares collected 1,000 × $3.2410 = $3,241.00 across that window, which is $270.08 a month if you flatten it and $270.08 per payment on the 12-payment cadence. The calculator performs the same multiplication against whatever share count your investment and share price produce.
Those 12 payments span 349 days rather than a full 365, because our O record opens on July 1, 2024. The sum is a complete cadence year, meaning the full number of payments O's schedule implies, rather than a complete calendar one. Read it as slightly conservative for a full year, and re-check it once the record deepens.
Year one of the model is that same multiplication; each later year multiplies $3.2410 by one plus the growth rate you type. The methodology page states the rest.
What O's monthly Cadence Does to the Model
O distributes every month, which is 12 payments a year. The projection above steps once a year, so a twenty-year run performs 20 reinvestments where O would have offered 240. Every payment between the annual steps is treated as though it arrived on the last day of the year. Observed gaps between O ex-dates ran 28 to 33 days, median 31.
Reinvesting each of those 12 payments as it landed, rather than once at the end of the year, earns more than the annual step shows, because earlier shares collect later payments. Holding the share price flat so timing is the only moving part, and computed from O's own payment weights, a 4% distribution rate gives 1.85% more first-year income, and a 20% distribution rate gives 9.70% more first-year income. The effect scales with the rate you are modelling, which is why it matters more for a high-distribution fund than for a slow grower, and it stays small next to the variability in the payout itself.
One term decides how far the annual step falls short, and for O it is 45.8%: a measure of how evenly the window's cash is split across its payments. A single lump scores zero, four equal payments 37.5%, twelve 45.8%, and fifty-two 49.0%. O sits near the even end, which is where the annual-step model understates reinvestment most.
Where O's Cash Actually Landed
The 11 complete calendar months ending Jul 2026, from O's recorded ex-dates, split-adjusted, as of 2026-08-17. Income is what 1,000 shares would have collected. A projection divides one annual figure by twelve; the record did this instead.
| Month | Payments | Per Share | On 1,000 Shares | Share of Window |
|---|---|---|---|---|
| Sep 2025 | 1 | $0.2690 | $269.00 | 8.3% |
| Oct 2025 | 2 | $0.5390 | $539.00 | 16.6% |
| Nov 2025 | 1 | $0.2695 | $269.50 | 8.3% |
| Dec 2025 | 1 | $0.2700 | $270.00 | 8.3% |
| Jan 2026 | 1 | $0.2700 | $270.00 | 8.3% |
| Feb 2026 | 1 | $0.2700 | $270.00 | 8.3% |
| Mar 2026 | 1 | $0.2705 | $270.50 | 8.3% |
| Apr 2026 | 1 | $0.2705 | $270.50 | 8.3% |
| May 2026 | 1 | $0.2705 | $270.50 | 8.3% |
| Jun 2026 | 1 | $0.2710 | $271.00 | 8.4% |
| Jul 2026 | 1 | $0.2710 | $271.00 | 8.4% |
| 11 months | 12 | $3.2410 | $3,241.00 | 100.0% |
Oct 2025 was the largest month at $0.5390 per share, carrying 16.6% of the 11-month total on its own. The quietest was Sep 2025 at $0.2690, a factor of 2.0 between the two.
Shares and Capital for a Monthly Income Target from O
Share counts that would have produced each monthly target at O's recorded trailing payout of $3.2410 per share, as of 2026-08-17. This is division on a recorded figure, not advice, and the payout can move. We hold no price for O and publish none, so there is no capital column. Multiply the share count by the price you can actually buy at.
| Monthly Target | A Year | O Shares | Average per Payment |
|---|---|---|---|
| $200 | $2,400 | 741 | $200.13 |
| $750 | $9,000 | 2,777 | $750.02 |
| $2,000 | $24,000 | 7,406 | $2,000.24 |
| $5,000 | $60,000 | 18,513 | $5,000.05 |
On the record above, that same 7,406-share position aiming at $2,000 a month would have collected $3,991.83 in Oct 2025 and $1,992.21 in Sep 2025. The average is not the month. The record-side arithmetic, at different target levels, is on the O record page.
The Growth Input for O
O has a realised rate you can use instead of a guess: 1.5% a year, measured as trailing twelve months against the twelve months before it, split-adjusted. A realised rate is still an assumption about the future once you type it into a projection, but it is an assumption with a measurement behind it, which an invented 8% is not.
Per share, with no price assumption anywhere in it, this is what that rate does to O's payout against holding it flat. The cumulative column sums the payout from year one through the year shown.
| Year | Flat at $3.2410 | At 1.5% | Cumulative at 1.5% |
|---|---|---|---|
| Year 1 | $3.2410 | $3.2410 | $3.24 |
| Year 5 | $3.2410 | $3.4382 | $16.69 |
| Year 10 | $3.2410 | $3.7016 | $34.67 |
| Year 20 | $3.2410 | $4.2905 | $74.85 |
By year twenty the difference between 1.5% and zero is $1.0495 per share, which is 32% of the flat figure. That is the sensitivity of an entire projection to one field. Run it at the realised rate, run it again at zero, and treat the gap between the two answers as the honest result.
What Makes O Hard to Model
Each item is triggered by something computed from O's own record and carries the figure that triggered it.
O pays every month, but not the same amount each month. Across the 11 complete months in the window, Oct 2025 delivered $0.5390 per share and Sep 2025 delivered $0.2690, a factor of 2.0. A projection reports one annual number; Oct 2025 alone carried 17% of the window's total. Treat the average month as an accounting convenience rather than a budget.
O is a REIT, so the income column is generally taxed as ordinary income. REIT dividends are mostly not qualified dividends, because the REIT pays no corporate tax on the earnings it distributes. The projection is pre-tax throughout, so the same ending income figure is worth materially less in a taxable account than it would be for a payer whose distributions are qualified. See how O dividends are taxed.
Starting a O Projection Today
A projection books a full year of income in year one. Today is August 21, 2026, 233 days into 2026. O has already gone ex-dividend 7 times in 2026, for $1.8935 per share, and buying now collects none of it. On the observed cadence, about 4 more payments would fall before 31 December, which is 33% of a normal year for O. That is a read of the record rather than a schedule O has published.
Nothing further is declared for O on our record, so every payment inside the projection is a modelled one. Based on the 31-day gap the record shows, the next ex-date would ordinarily land between Aug 22, 2026 and Sep 9, 2026, which is a pattern rather than an announcement. Read year one as twelve months from your purchase date, not the rest of this calendar year.
Frequently Asked Questions
What annual dividend figure should I use for O?
$3.2410 per share, the sum of the 12 split-adjusted O payments with ex-dates between September 2, 2025 and August 17, 2026, read from Realty Income: Dividend Payment Information (investor relations) on 2026-08-17. It is already in the field. It records what was paid; it is not a rate the payer has committed to.
What growth rate should I put in the O calculator?
The rate O's own record realised is 1.5% a year, measured as trailing twelve months against the twelve months before it, split-adjusted. Using a realised rate beats inventing one, though it is still an assumption about the future rather than a property of it. Run the projection at that rate and again at zero, and read the gap as the answer.
How many O shares would pay $5,000 a month?
About 18,513 shares at the trailing payout of $3.2410 per share, which is $60,000 a year. Spread over 12 payments a year that averages $5,000.05 a payment, and the payments are not equal. What that costs depends on the price you pay, which we do not publish.
Are taxes included in the O projection?
No. Every figure the calculator produces is pre-tax and ignores trading costs. Realty Income Corporation is an operating company, so the tax character of its payments turns on holding periods and on the account you hold it in.
Why does the O calculator ask me for the share price?
Because we publish no prices. Every figure here carries the date its source was read, and a live quote cannot. Realty Income: Dividend Payment Information (investor relations) publishes no distribution rate for O that we could turn into an implied price by arithmetic, so the price field starts empty.
Every payment, split adjustment, and calendar-year total behind these figures is on the O dividend history page. The tax character of O's payments, which this pre-tax model ignores, is worked out on the O tax page. Other monthly payers in coverage are on the coverage table. The general-purpose tools sit on the calculator hub, and the model is written out on the methodology page.