SAN DIEGO, June 11, 2019 /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 $0.2265 per share from
$0.226 per share. The dividend is
payable on July 15, 2019 to
shareholders of record as of July 1,
2019. This is the 102nd dividend increase
since Realty Income's listing on the NYSE in 1994. The ex-dividend
date for July's dividend is June 28,
2019. The new monthly dividend represents an annualized
dividend amount of $2.718 per share
as compared to the current annualized dividend amount of
$2.712 per share.
"We remain committed to our company's mission of paying
dependable monthly dividends to our shareholders that increase over
time," said Sumit Roy, President and
Chief Executive Officer of Realty Income. "Our Board of Directors
has once again determined that we are able to increase the amount
of the monthly dividend to our shareholders, marking the
102nd increase since our company's public listing in
1994. With the payment of the July dividend, we will have made
588 consecutive monthly dividend payments throughout our 50-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 5,800 real estate properties owned under
long-term lease agreements with regional and national commercial
tenants. To date, the company has declared 588 consecutive common
stock monthly dividends throughout its 50-year operating history
and increased the dividend 102 times since Realty Income's public
listing in 1994 (NYSE: O). 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 and foreign 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 any 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