ESCONDIDO, Calif., Dec. 14 /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 $0.185 per share from $0.18375 per share. This is
the 13th consecutive quarter in which the Company has increased the amount of
the monthly dividend. The dividend is payable on January 16, 2001 to
shareholders of record as of January 2, 2001. The new monthly dividend amount
represents an annualized rate of $2.22 per share. The Company continues its
long-term policy of declaring common stock dividends on a monthly, as opposed
to 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. Our goal continues to be to produce consistent
performance results for our shareholders, and increasing the dividend on a
regular basis 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. The monthly income is supported by the cash flow
from 1,070 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, Investor
Relations, Realty Income Corporation, 760-741-2111 ext. 177
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