SAN DIEGO, March 17, 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 $0.233 per share from
$0.2325 per share. The dividend is
payable on April 15, 2020 to
shareholders of record as of April 1,
2020. This is the 106th dividend increase
since Realty Income's listing on the NYSE in 1994. The ex-dividend
date for April's dividend is March 31,
2020. The new monthly dividend represents an annualized
dividend amount of $2.796 per share
as compared to the current annualized dividend amount of
$2.79 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
106th increase since our company's public listing in
1994. With the payment of the January dividend, we will have
made 597 consecutive monthly dividend payments throughout our
51-year operating history."
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 6,400 real estate properties owned under
long-term lease agreements with commercial tenants. To date, the
company has declared 598 consecutive common stock monthly dividends
throughout its 51-year operating history and increased the dividend
106 times since Realty Income's public listing in 1994 (NYSE: O).
The company is a member of the S&P 500 Dividend
Aristocrats® index. 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, 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