ESCONDIDO, Calif., May 4 /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 June 15, 2000 to shareholders of record as of June 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 June 30, 2000 to shareholders of record as
of June 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.
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, 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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