ESCONDIDO, July 13 /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 $0.1825 per share,
payable on August 15, 2000 to shareholders of record as of August 1, 2000.
The dividend represents an annualized rate of $2.19 per share.
The Board of Directors also declared dividends on the Company's Class B
and C preferred stock. The quarterly dividend on the Class B preferred stock
is payable on October 2, 2000 to shareholders of record as of
September 15, 2000. The quarterly dividend amount on the Class B preferred
stock is $0.5859 per share, for an annualized rate of $2.34 per share. The
monthly dividends on the Class C preferred stock are payable on July 31 and
August 31, 2000 for shareholders of record as of July 15 and August 15, 2000,
respectively. 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 dividend is supported by the cash
flows from 1,080 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:
Tere Miller, Vice President, Corporate
Communications of Realty Income, 760-741-2111, ext. 177
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
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