ESCONDIDO, Calif., Dec. 13 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company," (NYSE: O) today announced
that its Board of Directors has declared an increase in the Company's common
stock monthly dividend to $0.19 per share from $0.18875 per share. This is
the 17th consecutive quarter in which the Company has increased the amount of
the monthly dividend. The dividend is payable on January 15, 2002 to
shareholders of record as of January 2, 2002. The new monthly dividend amount
represents an annualized rate of $2.28 per share. The Company continues its
long-term policy of declaring and paying common stock dividends on a monthly,
rather than a quarterly, basis.
Tom A. Lewis, Chief Executive Officer of Realty Income commented, "We are
very pleased to have been able to increase the amount of the monthly dividend
again this quarter. With the payment of the January monthly dividend, we will
have made 377 consecutive monthly dividend payments. Our ongoing goal is to
produce consistent performance results for our shareholders. Increasing the
dividend on a regular basis and remaining dedicated to providing dependable
monthly income is the best evidence we can provide of our progress towards
this goal."
Realty Income, "The Monthly Dividend Company," is a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income. To date the Company has paid 376 consecutive
monthly dividend payments throughout its 32-year operating history. The
monthly income is supported by the cash flow from 1,085 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 through the Internet 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, +1-760-741-2111,
ext. 177
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