ESCONDIDO, Calif., Aug. 12 /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 September 15, 1998 to
shareholders of record as of September 1, 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 897 commercial
properties in 44 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 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
 back to top
Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Investor
Relations of Realty Income Corp., 760-741-2111 ext. 142
NOTE TO EDITORS: Realty Income press releases are available at no
charge by calling Realty Income's toll-free investor hotline
number: 888-811-2001, or by accessing the Company's website at
http://www.realtyincome.com
|
