ESCONDIDO, Calif., Oct. 11 /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 $0.18875 per
share, payable on November 15, 2001 to shareholders of record as of
November 1, 2001. The dividend represents an annualized rate of $2.265 per
share. The Company continues its 32-year policy of declaring common stock
dividends on a monthly, as opposed to a quarterly, basis.
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 December 31, 2001 to shareholders of record as of December 15,
2001. The quarterly dividend amount on the Class B preferred stock is
$0.5859 per share, for an annualized rate of $2.3436 per share. The monthly
dividend on the Class C preferred stock is payable on October 31 and
November 30, 2001 for shareholders of record as of October 15 and November 15,
2001, respectively. The monthly dividend amount on the Class C preferred
stock is $0.1979 per share for an annualized amount of $2.3748 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 income is supported by the cash flow
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.
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 .
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Investor
Relations of Realty Income Corporation, +1-760-741-2111, ext. 177
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