ESCONDIDO, Calif., May 8 /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 June 17, 2002 to shareholders of record as of
June 3, 2002. The dividend represents an annualized rate of $2.295 per share.
The Board of Directors also declared a dividend on the Company's Class C
preferred stock which is payable on July 1, 2002 to shareholders of record as
of June 15, 2002. 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 1,119 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.
#1 in paying monthly dividends to shareholders
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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