SAN DIEGO, Jan. 14, 2020 /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 $0.2325 per share from
$0.2275 per share. The dividend is
payable on February 14, 2020 to
shareholders of record as of February 3,
2020. This is the 105th dividend increase
since Realty Income's listing on the NYSE in 1994. The ex-dividend
date for February's dividend is January 31,
2020. The new monthly dividend represents an annualized
dividend amount of $2.79 per share as
compared to the current annualized dividend amount of $2.73 per share.
"The continued strength of our operating performance has allowed
us to increase the dividend for the 105th time since our
company's public listing in 1994," said Sumit Roy, President and Chief Executive Officer
of Realty Income. "We continue to maintain a conservative payout
ratio and remain committed to our company's mission of paying
dependable monthly dividends that increase over time. With the
payment of the February dividend, shareholders will realize a 3.1%
increase in the amount of the dividend as compared to the same
month in 2019."
About the Company
Realty Income, The Monthly Dividend
Company®, is an S&P 500 company dedicated to providing
stockholders with dependable monthly income. The company is
structured as a REIT, and its monthly dividends are supported by
the cash flow from over 5,900 real estate properties owned under
long-term lease agreements with commercial tenants. To date, the
company has declared 595 consecutive common stock monthly dividends
throughout its 51-year operating history and increased the dividend
105 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, domestic 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,
changes in foreign currency exchange rates, 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