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 $0.18875 per
share, payable on December 17, 2001 to shareholders of record as of
December 3, 2001. The dividend represents an annualized rate of $2.265 per
share. The Company continues its 32-year policy of declaring common stock
dividends on a monthly, rather than a quarterly, basis.
The Board of Directors also declared a dividend on the Company's Class C
preferred stock. The monthly dividend on the Class C preferred stock is
payable on December 31, 2001 to shareholders of record as of
December 15, 2001. The monthly dividend amount on the Class C preferred stock
is $0.1979 per share for an annualized amount of $2.3748 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 income is supported by the cash flow
from 1,088 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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Company News On-Call:
http://www.prnewswire.com/comp/746650.html
CONTACT:
Tere Miller, Vice President, Investor
Relations of Realty Income Corporation, +1-760-741-2111, 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 through the Internet at
http://www.realtyincome.com/Investing/News.html .
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