ESCONDIDO, Calif., April 13 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company," (NYSE: O) today announced
that its Board of Directors declared a common stock dividend of $0.18125 per
share, payable on May 15, 2000 to shareholders of record as of May 1, 2000.
The dividend represents an annualized rate of $2.175 per share.
The Board of Directors also declared a dividend on the Company's Class C
preferred stock which is payable on May 30, 2000 to shareholders of record as
of May 15, 2000. The monthly dividend on the Class C preferred stock is
$0.1979 per share for an annualized rate of $2.375 per share.
The Board of Directors also declared a dividend on the Company's Class B
preferred stock which is payable on June 30, 2000 to shareholders of record as
of June 15, 2000. The quarterly dividend on the Class B preferred stock is
$0.5859 per share, for an annualized rate of $2.34 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. The monthly dividend is supported by the cash
flows from 1,076 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.
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
David Butterfield, Manager, Investor
Relations of Realty Income Corporation, 760-741-2111, ext. 140
NOTE TO EDITORS: Realty Income press releases are available at no
charge by calling our toll-free investor hotline number:
888-811-2001, or by visiting the Company's website at
http://www.realtyincome.com.
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