Realty Income outperforms S&P 500 with yield gap shrinking ahead of June 30 record date
Realty Income surged 1.74% to $63.12 Friday, marking its fifth straight gain and a 4.8% rise since June 18, as investors positioned ahead of the June 30 dividend record date; the new $3.252 annualized dividend yields 5.15%, about 78 basis points above the U.S. 10-year, but the recent price rally narrows the yield advantage.