ESCONDIDO, Calif., March 14 /PRNewswire-FirstCall/ --
Realty Income Corporation (Realty Income), "The Monthly Dividend Company,"
(NYSE: O) today announced that its Board of Directors has declared an increase
in the Company's common stock monthly dividend of $0.19125 per share from
$0.19 per share. This is the 18th consecutive quarter in which the Company
has increased the amount of the monthly dividend. The new monthly dividend
amount represents an annualized rate of $2.295 per share. The Company
continues its long-term policy of declaring and paying common stock dividends
on a monthly, rather than on a quarterly, basis.
Tom A. Lewis, Chief Executive Officer of Realty Income commented, "We are
very pleased to have been able to increase the amount of the monthly dividend
again this quarter. Our ongoing goal is to produce consistent performance
results for our shareholders. Increasing the dividend on a regular basis and
remaining dedicated to providing dependable monthly income is the best
evidence we can provide of our progress toward this goal."
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 379 consecutive
monthly dividend payments throughout its 33-year operating history. The
monthly income is supported by the cash flow from 1,122 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 .
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Investor
Relations of Realty Income Corporation, +1-760-741-2111, ext. 177
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