Realty Income and Vereit merge to create a spin-off Orion Office REIT Inc.

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced that they anticipate closing their previously announced merger on November 1, 2021. In addition, the Registration Statement on Form 10 associated with the previously announced plan to spin-off substantially all the office assets from Realty Income and VEREIT, filed under the newly created company Orion Office REIT Inc. (NYSE: ONL) ("Orion"), is effective as of today, October 22, 2021. Realty Income has declared November 2, 2021 as the record date for the spin-off and November 12, 2021 as the distribution date for the spin-off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the merger and spin-off. The spin-off will be accomplished via a pro rata dividend of one share of Orion common stock for every ten shares of Realty Income common stock outstanding as of the record date for the spin-off. For purposes of the spin-off, the outstanding Realty Income common stock on the record date will include the shares of Realty Income common stock received by VEREIT common stockholders in connection with the consummation of the merger. Realty Income stockholders will receive cash in lieu of fractional shares in the spin-off.

Since I own 53 shares of Realty Income Corporation, I should be getting 5 shares of Orion Office REIT Inc. (NYSE: ONL) around 12th of November

 

 

Dividend increase #34 of 2021 : Triton International

Triton International's (NYSE:TRTN) Board of Directors has declared a $0.65 per share quarterly cash dividend on its issued and outstanding common shares, payable on December 23, 2021 to shareholders of record at the close of business on December 9, 2021. This is a 14% increase over the previous dividend, very nice increase.x

Since I own 96 shares of TRTN, this change will increase my 12 month forward dividend by $30.72

Dividend increase #33 of 2021 : Alliance Resource Partners

Alliance Resource Partners (NASDAQ:ARLP) declared $0.20 per share quarterly dividend. This is a 100% increase from prior dividend of $0.10

Dividend increase #32 of 2021 : VF Corporation

VF’s Board of Directors declared a quarterly dividend of $0.50 per share, payable on December 20, 2021, to shareholders of record on December 10, 2021. Subject to approval by its Board of Directors, VF intends to continue to pay its regularly scheduled dividend and is not currently contemplating the suspension of its dividend.

Dividend increase #31 of 2021 : Kontoor Brands

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler^® and Lee^®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.46 per share of its common stock, an increase of $0.06 or 15 percent. The cash dividend will be payable on December 20, 2021, to shareholders of record at the close of business on December 10, 2021.

New purchase : Gladstone Investment Corp

Added 41 shares of Gladstone Investment Corp (GAIN) at $14.88 per share. I now hold 98 shares of Gladstone Investment Corp.

Dividend increase #30 of 2021 : Gladstone Investment Corporation

Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders, increasing monthly distributions from $0.07 to $0.075 per share, or approximately 7%.

The Company will also pay a supplemental distribution of $0.09 per share to holders of its common stock in December 2021. The board of directors will continue to evaluate the amount and timing of any additional, semi-annual or incremental, supplemental distributions in future periods.

Common Stock: $0.075 per share of common stock for each of October, November, and December 2021, and a supplemental distribution of $0.09 per share of common stock in December 2021, all payable per the table below.

Record Date	Payment Date	Cash Distribution
October 22	October 29	$0.075
November 19	November 30	$0.075
December 7	December 15	$0.09*
December 23	December 31	$0.075
Total for the Quarter:		$0.315

New purchase : AbbVie Inc.

Added 5 shares of AbbVie Inc. (NYSE:ABBV) at $111.22 per share. I now hold 42 shares of AbbVie Inc.

Dividend increase #29 of 2021 : Emera Inc.

 Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.65 from $2.55 per common share and extended its dividend growth rate target of four to five per cent through to 2024.

"We continue to see opportunity for growth as we execute on our strategy of investing in a lower carbon energy transition that is affordable and reliable for our customers," said Scott Balfour, President and CEO of Emera Inc. "These investments are expected to continue to drive cash flow and EPS growth, which supports the increase in our dividend for 2022 and the extension of our dividend growth target of four to five percent through 2024."

New purchase : Verizon Communications

Added 4 shares of Verizon Communications (NYSE:VZ) at $54.58 per share. I now hold 53 shares of Verizon Communications

Summary Q3 / 2021

During Q3 / 2021 this portfolio collected following dividends

• Jul:   417.41€       (2020: 298.04€  2019: 354.06€  2018:  259.70€)
• Aug: 401.32€       (2020: 309.86€  2019: 376.68€  2018:  257.95€)
• Sep:  380.81€       (2020: 299.60€  2019: 312.16€  2018:  231.51€)

Total of  1199.54€           (2020: 907.50€  2019: 1042.90€  2018:  749.16€  2017: 605.90€)

Quarterly target was 1200€, what a narrow miss :(

Progress update : September 2021

Quote	2018	2019	2020	2021	1y chg	2y chg	3y chg
Canadian Utilities	-	-	6.96	20.61	196.1%
Enbridge Inc.	-	15.12	26.10	27.98	7.203%	85.05%
Fortis Inc	-	-	-	9.81
Southern Company	14.95	16.30	15.76	16.16	2.538%	-0.85%	8.093%
Huhtamaki Oyj	-	-	13.35	-
AGNC Investment	9.92	12.91	9.20	18.00	95.65%	39.42%	81.45%
Emerson Electric	6.25	6.66	6.33	6.43	1.579%	-3.45%	2.88%
Realty Income	7.19	7.77	7.48	10.59	41.57%	36.29%	47.28%
Pembina Pipeline	-	-	-	9.35
EPR Properties	7.61	9.96	-	7.81	%	-21.5%
Main Street	14.05	16.01	14.87	14.95	0.537%	-6.62%	6.405%
Kontoor Brands	-	10.19	-	6.82	%
Prospect Capital	11.20	11.94	11.13	11.25	1.078%	-5.77%	0.446%
VF Corporation	13.66	13.70	14.32	14.62	2.094%	6.715%	7.027%
Dominion Energy	15.48	29.28	30.83	20.90	-32.2%	-28.6%	35.01%
Chatham Lodging_Trust	13.02	13.82	-	-	%
LTC Properties	12.30	13.09	12.14	12.30	1.317%	-6.03%	0%
Orchid Island	-	-	4.45	23.26	422.6%
Ares Capital	-	26.47	40.80	55.70	36.51%	110.4%
Triton International	42.46	45.75	42.74	46.62	9.078%	1.901%	9.797%
Capman Oyj	-	-	-	17.50
Gladstone Investment_Corp	-	-	-	4.86
SFL Corporation	45.44	63.20	43.13	25.29	-41.3%	-59.9%	-44.3%
Total	231.51	312.16	299.60	380.81	27.10%	21.99%	64.48%

 

Status update : September 2021

 Dividends received in September

- 20.61 from Canadian Utilities
- 27.98 from Enbridge Inc.
- 9.81 from Fortis Inc
- 16.16 from Southern Company
- 18.00 from AGNC Investment
- 6.43 from Emerson Electric
- 10.59 from Realty Income
- 9.35 from Pembina Pipeline
- 7.81 from EPR Properties
- 14.95 from Main Street
- 6.82 from Kontoor Brands
- 11.25 from Prospect Capital
- 14.62 from VF Corporation
- 20.90 from Dominion Energy
- 12.30 from LTC Properties
- 23.26 from Orchid Island
- 55.70 from Ares Capital
- 46.62 from Triton International
- 17.50 from Capman Oyj
- 4.86 from Gladstone Investment_Corp
- 25.29 from SFL Corporation

This makes a total of 380.81 in dividends received from 21 companies. Previous year I received 299.60 in September. This is a 27.10% change in dividends