ESCONDIDO, Calif., July 16 /PRNewswire/ -- Realty Income Corporation
(Realty Income) (NYSE: O) today announced that its board of directors has
declared a dividend of $.1650 per share, payable on August 17, 1998 to
shareholders of record as of August 3, 1998. The dividend represents an
annualized rate of $1.98 per share. The Company continues its policy of
declaring dividends on a monthly, not quarterly basis.
Realty Income owns and actively manages a portfolio of 888 commercial
properties in 43 states. By purchasing the freestanding retail store
locations of regional and national chain store operators and then leasing the
locations back to them, Realty Income provides retailers with the opportunity
to free up financial resources for expansion. The Company's acquisition and
investment activities are concentrated in highly specific target markets and
focus primarily on middle- and upper-market retailers providing goods and
services which satisfy basic consumer needs.
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Gary Malino, Senior Vice President, Chief
Financial Officer of Realty Income Corporation, 760-741-2111,
ext. 142
NOTE TO EDITORS: Realty Income press releases are available at no
charge by calling the toll-free investor hotline number:
888-811-2001, or by accessing the Company's website at
http://www.realtyincome.com
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