ESCONDIDO, Calif., June 15 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company" (NYSE: O) today announced that
its Board of Directors has declared an increase in the amount of the monthly
dividend on its common stock to $0.1825 per share from $0.18125 per share.
This is the eleventh consecutive quarter in which the Company has increased
the amount of its monthly dividend. The dividend is payable on July 17, 2000
to shareholders of record as of July 3, 2000. The dividend represents an
annualized rate of $2.19 per share. The Company continues its policy of
declaring common stock dividends on a monthly, not 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
for the 11th consecutive quarter. Our goal continues to be to produce
consistent performance results for our shareholders and increasing the
dividend on a regular basis is the best evidence we can provide of our
progress towards this goal."
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 1,073 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
 back to top
Related links:
http://www.realtyincome.com
CONTACT:
David Butterfield, Manager, Financial
Relations, of 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/investing/news.html.
|
