ESCONDIDO, Calif., Oct. 15 /PRNewswire/ -- Realty Income Corporation
(Realty Income) (NYSE: O) today announced that its Board of Directors has
declared a dividend of $.1675 per share, payable on November 16, 1998 to
shareholders of record as of November 2, 1998. The dividend represents an
annualized rate of $2.01 per share. The Company continues its policy of
declaring dividends on a monthly, not quarterly basis.
Realty Income is The Monthly Dividend Company, a New York Stock Exchange
real estate company dedicated to providing shareholders with dependable
monthly income. The monthly dividend is supported by cash flow from
921 properties in 44 states 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:
Gary Malino, Senior Vice President, Chief
Financial Officer of Realty Income Corporation, 760-741-2111,
ext. 142
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 accessing the Company's website at
http://www.realtyincome.com.
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