Selling Walgreens and Buying Realty Income Corp?

 I held on to half of my investment in Walgreens (“WAG”) after selling shares in the fall. As the share price keeps climbing, and is now near a 52-week high, the dividend yield is only 2.1%. The yield seems ridiculously low, especially given they just boosted their dividend by 15% in August.

On the other hand, Realty Income Corporation (“O”) is trading near its 52-week low, yielding a tantalizing 5.6%. They have grown their dividend at about 5% per year over the past 5 years. I’m impressed with their management, tenant list, and the potential upside of rent increases in the US as the economic recovery continues.

I haven’t decided if I’ll pull the trigger and sell my shares of WAG to up my investment in Realty Income Corp, but it’s very tempting.