A.I.M. Users Bulletin Board

[Bernie Goldberg]

Hi Tom,
I just got this from Yahoo!:
ESCONDIDO, Calif.--(BUSINESS WIRE)--Aug. 15, 2002--Realty Income Corp. (Realty Income), The Monthly Dividend Company(TM), (NYSE:O - News) today announced that its board of directors declared a common stock dividend of $0.1925 per share, payable on Sept. 16, 2002 to shareholders of record as of Sept. 3, 2002.
The dividend represents an annualized rate of $2.31 per share.
.

I see what Yahoo! said, but I don't understand it. Every place I looked showed the dividend being paid quarterly. What I did was multiply .195 times 4, coming up with 78 cents a year.
78 cents divided by the stock price, $33.62 today,works out to an annual yield of 2.32%. If we used Yahoo!'s number of $2.31 I agree that the dividend would be 6.9%, I just don't see where they got that number from.
Bernie