ESCONDIDO, Calif., Nov. 12 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company" (NYSE: O) today announced that
its Board of Directors has declared a dividend of $.1675 per share, payable on
December 15, 1998 to shareholders of record as of December 1, 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 the cash flows from
923 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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http://www.realtyincome.com
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http://www.prnewswire.com/comp/746650.html or fax,
800-758-5804, ext. 746650
CONTACT:
Tere Miller, Vice President, Investor
Relations 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 accessing the Company's website at
http://www.realtyincome.com.
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