SAN DIEGO, Jan. 20, 2015 /PRNewswire/ -- Realty Income
Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced its Board of Directors has
declared an increase in the company's common stock monthly cash
dividend to $0.189 per share from
$0.1834167 per share. The dividend is
payable on February 17, 2015 to
shareholders of record as of February 2,
2015. This is the 79th dividend increase since
Realty Income listed on the NYSE in 1994. The new monthly dividend
amount represents an annualized dividend amount of $2.268 per share as compared to the previous
annualized dividend amount of $2.201
per share.
The Board of Directors also declared a dividend on the company's
Monthly Income Class F preferred stock. The monthly dividend amount
of $0.138021 on the Class F preferred
shares is payable on February 17,
2015 to shareholders of record as of February 1, 2015. The annualized dividend amount
for the Class F preferred shares is $1.65625 per share.
The company continues its long-term policy of declaring and
paying dividends on a monthly, rather than on a quarterly, basis.
To view a history of Realty Income's dividend increases, refer to
the chart below or visit the company's website at
www.realtyincome.com.
John P. Case, Chief Executive
Officer of Realty Income, commented, "We are pleased that the
continued strength in our operations allows us to increase the
amount of the dividend we pay to our shareholders, while still
maintaining a comfortable dividend coverage ratio. The new
annualized dividend amount of $2.268
represents an increase of 3.0% per share as compared to the
previous annualized dividend amount of $2.201 per share. With the payment of the
February 2015 dividend, shareholders
will enjoy an increase of 3.75% in the amount of their dividend as
compared to the same month in 2014."
About the Company
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 declared 535 consecutive common
stock monthly dividends throughout its 46-year operating history
and increased the dividend 79 times since Realty Income's listing
on the New York Stock Exchange in 1994. The monthly income is
supported by the cash flow from over 4,200 properties owned under
long-term lease agreements with regional and national retail chains
and other commercial tenants. The company is an active buyer of
net-leased properties nationwide. Additional information about the
Company can be obtained from the corporate website at
www.realtyincome.com or www.twitter.com/realtyincome.
Forward-Looking Statements
Statements in this press
release that are not strictly historical are "forward-looking"
statements. Forward-looking statements involve known and unknown
risks, which may cause the company's actual future results to
differ materially from expected results. These risks include, among
others, general economic conditions, local real estate conditions,
tenant financial health, the availability of capital to finance
planned growth, continued volatility and uncertainty in the credit
markets and broader financial markets, property acquisitions and
the timing of these acquisitions, charges for property impairments,
and the outcome of legal proceedings to which the company is a
party, as described in the company's filings with the Securities
and Exchange Commission. Consequently, forward-looking statements
should be regarded solely as reflections of the company's current
operating plans and estimates. Actual operating results may differ
materially from what is expressed or forecast in this press
release. The company undertakes no obligation to publicly release
the results of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date
these statements were made.
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SOURCE Realty Income Corporation