5 Best DRIP Stocks To Own

2. Realty Income Corporation (NYSE:O)

Dividend Yield as of January 16: 4.51%

Realty Income Corporation (NYSE:O) is a California-based real estate investment trust company that pays monthly dividends to shareholders. In the third quarter of 2022, the company reported a strong cash position with $187.7 million available in cash and cash equivalents and $2.5 billion in liquidity. The company’s revenue for the quarter came in at $837.3 million, which saw a 70.9% growth from the same period last year.

Realty Income Corporation’s (NYSE:O) DRIP policy provides cost-effective methods to invest in the company’s common stocks, which makes it one of the best DRIP stocks to own. The company holds a long 28-year streak of dividend growth. It pays a monthly dividend of $0.2485 per share and has a dividend yield of 4.51%, as of January 16.

The number of hedge funds tracked by Insider Monkey owning stakes in Realty Income Corporation (NYSE:O) grew to 28 in Q3 2022, from 19 in the previous quarter. These stakes are valued at $422.5 million collectively.

Follow Realty Income Corp (NYSE:O)