ESCONDIDO, Calif., Sept. 14 /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 $0.18375 per share from $0.18250 per share.
This is the 12th consecutive quarter in which the Company has increased the
amount of its monthly dividend. The dividend is payable on October 16, 2000
to shareholders of record as of October 2, 2000. The dividend represents an
annualized rate of $2.21 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
again this 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 1,072 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 Corporation, 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.
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