SAN DIEGO, Jan. 14, 2016 /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 $0.1985 per share from
$0.191 per share. The dividend is
payable on February 16, 2016 to
shareholders of record as of February 1,
2016. This is the 84th dividend increase since
Realty Income's listing on the NYSE in 1994. The new monthly
dividend represents an annualized dividend amount of $2.382 per share as compared to the current
annualized dividend amount of $2.292
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 16,
2016 to shareholders of record as of February 1, 2016. The annualized dividend amount
for the Class F preferred shares is $1.65625 per share.
"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," said John P. Case,
Chief Executive Officer of Realty Income. "With the payment of the
February 2016 dividend, shareholders
will enjoy an increase of 5% in the amount of their dividend as
compared to the same month in 2015."
About the Company
Realty Income, The Monthly Dividend Company®, is an
S&P 500 company dedicated to providing shareholders with
dependable monthly income. The company is structured as a REIT, and
its monthly dividends are supported by the cash flow from nearly
4,500 real estate properties owned under long-term lease agreements
with regional and national commercial tenants. To date, the company
has declared 547 consecutive common stock monthly dividends
throughout its 47-year operating history and increased the dividend
84 times since Realty Income's public listing in 1994 (NYSE: O).
The company has in-house acquisition, portfolio management, asset
management, credit research, real estate research, legal, finance
and accounting, information technology, and capital markets
capabilities. Additional information about the company can be
obtained from the corporate website at www.realtyincome.com.
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