ESCONDIDO, Calif., June 13 /PRNewswire-FirstCall/ -- Realty Income
Corporation (Realty Income), The Monthly Dividend Company(TM), (NYSE: O) today
announced that its Board of Directors has declared an increase in the
Company's common stock monthly dividend to $0.1925 per share from $0.19125 per
share. This is the 19th consecutive quarter in which the Company has
increased the amount of the monthly dividend. The dividend is payable on July
15, 2002 to shareholders of record as of July 1, 2002. The new monthly
dividend amount represents an annualized rate of $2.31 per share. The Company
continues its long-term policy of declaring and paying common stock dividends
on a monthly, rather than a quarterly, basis.
Tom A. Lewis, Chief Executive Officer of Realty Income commented, "We are
very pleased to have been able to increase the amount of the monthly dividend
again this quarter. With the payment of the July monthly dividend, we will
have made 384 consecutive monthly dividend payments. The mission of Realty
Income is to pay dependable monthly income to our shareholders. Increasing
the dividend on a consistent basis is the best evidence we can offer of the
Company's continued success in accomplishing its mission."
Realty Income, The Monthly Dividend Company(TM), is a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income. To date the Company has declared 384 consecutive
monthly dividend payments throughout its 33-year operating history. The
monthly income is supported by the cash flow from 1,183 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/Investing/News.html .
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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