ESCONDIDO, Calif., Oct. 14 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company" (NYSE: O) today announced that
its Board of Directors declared a dividend of $0.1775 per share, payable on
November 15, 1999 to shareholders of record as of November 1, 1999. The
dividend represents an annualized rate of $2.13 per share.
The Board of Directors also declared the monthly dividend for the
Company's Class C preferred stock in the amount of $0.1979 per share which
represents an annualized rate of $2.375 per share. The preferred dividend
will be paid on November 30, 1999 to shareholders of record as of
November 15, 1999.
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 1,073 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 Investor Information section of
the Company's website at http://www.realtyincome.com.
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