ESCONDIDO, Calif., May 10 /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 $0.18625 per
share, payable on June 15, 2001 to shareholders of record as of June 1, 2001.
The dividend represents an annualized rate of $2.235 per share. The Company
continues its 32-year policy of declaring common stock dividends on a monthly,
as opposed to a quarterly, basis.
The Board of Directors also declared a monthly dividend on the Company's
Class C preferred stock. The dividend is payable on July 2, 2001 to
shareholders of record as of June 15, 2001. The monthly dividend amount 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 income is supported by the cash flow
from 1,061 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/Investing/News.html.
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Corporate
Communications of Realty Income Corporation, 760-741-2111, ext.
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