ESCONDIDO, Calif., Nov. 10 /PRNewswire/ -- Realty Income Corporation
(NYSE: O) (Realty Income), "The Monthly Dividend Company," today announced
that its Board of Directors declared a dividend of $0.1775 per share, payable
on December 15, 1999 to shareholders of record as of December 1, 1999. The
dividend represents an annualized rate of $2.13 per share.
The Board of Directors also declared dividends on the Company's Class B
and Class C preferred stock which are payable on December 31, 1999 to
shareholders of record as of December 15, 1999. The monthly dividend, on the
Class C preferred stock, is $0.1979 per share, which represents an annualized
rate of $2.375 per share. The quarterly dividend, on the Class B preferred
stock, is $0.5859 per share, which represents an annualized rate of $2.34 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 dividend is supported by the cash
flows from 1,074 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.
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.
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.
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