SAN DIEGO, June 9, 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 $0.2335 per share from
$0.233 per share. The dividend is
payable on July 15, 2020 to
shareholders of record as of July 1,
2020. This is the 107th dividend increase
since Realty Income's listing on the NYSE in 1994. The ex-dividend
date for July's dividend is June 30,
2020. The new monthly dividend represents an annualized
dividend amount of $2.802 per share
as compared to the current annualized dividend amount of
$2.796 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
107th increase since our company's public listing in
1994. With the payment of the July dividend, we will have made
600 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 6,500 real estate properties owned under
long-term lease agreements with commercial tenants. To date, the
company has declared 600 consecutive common stock monthly dividends
throughout its 51-year operating history and increased the dividend
107 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, domestic and foreign real
estate conditions, tenant financial health, the availability of
capital to finance planned growth, 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, the
effects of the COVID-19 pandemic and the measures taken to limit
its impact, the effects of pandemics or global outbreaks of
contagious diseases or fear of such outbreaks, the company's
tenants' ability to adequately manage its properties and fulfill
their respective lease obligations to the company, 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