ESCONDIDO, Calif., Nov. 16 /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 $0.18375 per share,
payable on December 15, 2000 to shareholders of record as of December 1, 2000.
The dividend represents an annualized rate of $2.21 per share.
The Board of Directors also declared a monthly dividend on the Company's
Class C preferred stock. The dividend is payable on December 31, 2000 for
shareholders of record as of December 15, 2000. The monthly dividend amount
on the Class C preferred stock is $0.1979 per share for an annualized rate of
$2.375 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 1,072 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 by visiting the Company's
website 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, Corporate
Communications, of Realty Income Corporation, 760-741-2111 ext.
177
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