ESCONDIDO, Calif., April 18 /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
$0.19125 per share, payable on May 15, 2002 to shareholders of record as of
May 1, 2002. The dividend represents an annualized rate of $2.295 per share.
The Board of Directors also declared dividends on the Company's Class B
and Class C preferred stock. The quarterly dividend on the Class B preferred
stock is payable on July 1, 2002 to shareholders of record as of June 15,
2002. The quarterly dividend amount on the Class B preferred stock is
$0.5859375 per share, for an annualized rate of $2.34375 per share. The
monthly dividends on the Class C preferred stock are payable on April 30 and
May 31, 2002 to shareholders of record as of April 15 and May 15, 2002,
respectively. The monthly dividend amount on the Class C preferred stock is
$0.1979167 per share, for an annualized rate 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 381 consecutive
monthly dividends throughout its 33-year operating history. The monthly
income is supported by the cash flow from 1,121 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, Corporate
Communications, Realty Income Corporation, +1-760-741-2111 ext.
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