Realty Income (O) Generates $33,000 Annually at 5.3% Yield

A $600,000 position in Realty Income (O) produces approximately $33,000 annually at a 5.3% yield, requiring $343,000 less capital than conservative dividend-growth investments. O has paid 670 consecutive monthly dividends and raised its payout for 114 straight quarters. Shares are trading around $59.55, with a monthly dividend of $0.2705 per share, providing roughly $2,750 each month. Retirees should consider limiting O to 30-40% of their income portfolio and holding it in tax-advantaged accounts to shield dividends from ordinary income taxes.