SAN DIEGO, June 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 $0.1995 per share from
$0.199 per share. The dividend is
payable on July 15, 2016 to
shareholders of record as of July 1,
2016. This is the 86th dividend increase since
Realty Income's listing on the NYSE in 1994. The ex-dividend date
for July's dividend is June 29, 2016.
The new monthly dividend amount represents an annualized dividend
amount of $2.394 per share as
compared to the previous annualized dividend amount of $2.388 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 July 15, 2016 to
shareholders of record as of July 1,
2016. The annualized dividend amount for the Class F
preferred shares is $1.65625 per
share.
"We are pleased that our Board of Directors has once again
determined that we are able to increase the amount of the monthly
dividend we pay to our shareholders," said John P. Case, Chief Executive Officer of Realty
Income. "With the payment of the July dividend, we will have made
552 consecutive monthly dividend payments and paid over
$4.1 billion in dividends throughout
our 47-year operating history."
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 over 4,600 real estate properties owned under
long-term lease agreements with regional and national commercial
tenants. To date, the company has declared 552 consecutive common
stock monthly dividends throughout its 47-year operating history
and increased the dividend 86 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