ESCONDIDO, Calif., Sept. 13 /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 Company's common
stock monthly dividend to $0.18875 per share from $0.1875 per share. This is
the 16th consecutive quarter in which the Company has increased the amount of
the monthly dividend. The dividend is payable on October 15, 2001 to
shareholders of record as of October 1, 2001. The new monthly dividend amount
represents an annualized rate of $2.265 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. Our ongoing goal is to produce consistent performance
results for our shareholders. 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 income is supported by the cash flow
from 1,088 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.
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.
For further information, please contact Tere Miller, Vice President,
Corporate Communications of Realty Income Corporation, +1-760-741-2111,
ext. 177.
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Corporate
Communications of Realty Income Corporation, +1-760-741-2111,
ext. 177
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