ESCONDIDO, Calif., Feb. 14 /PRNewswire-FirstCall/ --
Realty Income Corporation (Realty Income), "The Monthly Dividend Company,"
(NYSE: O) today announced that its Board of Directors declared a common stock
dividend of $0.19 per share, payable on March 15, 2002 to shareholders of
record as of March 1, 2002. The dividend represents an annualized rate of
$2.28 per share. The Company continues its 33-year policy of declaring common
stock dividends on a monthly, rather than on a quarterly, basis.
The Board of Directors also declared a dividend on the Company's Class C
preferred stock. The monthly dividend on the Class C preferred stock is
payable on April 1, 2002 to shareholders of record as of March 15, 2002. The
monthly dividend amount on the Class C preferred stock is $0.1979167 per share
for an annualized amount of $2.375 per share.
Realty Income, "The Monthly Dividend Company," is a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income. To date the Company has paid 378 consecutive
monthly dividend payments throughout its 33-year operating history. The
monthly income is supported by the cash flow from 1,023 retail properties
owned under long-term lease agreements with leading regional and national
retail chains. The Company is an active buyer of net-leased retail properties
nationwide.
Note to Editors:
Realty Income press releases are available at no charge by calling our
toll-free investor hotline number: 888-811-2001, or through the Internet at
http://www.realtyincome.com/Investing/News.html .
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
Company News On-Call:
http://www.prnewswire.com/comp/746650.html
CONTACT:
Tere Miller , Vice President, Investor
Relations of Realty Income Corporation, +1-760-741-2111, ext. 177
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