SAN DIEGO, Jan. 15, 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 $0.2255 per share from
$0.2210 per share. The dividend is
payable on February 15, 2019 to
shareholders of record as of February 1,
2019. This is the 100th dividend increase
since Realty Income's listing on the NYSE in 1994. The ex-dividend
date for February's dividend is January 31,
2019. The new monthly dividend represents an annualized
dividend amount of $2.706 per share
as compared to the current annualized dividend amount of
$2.652 per share.
"The continued strength of our operating performance has allowed
us to increase the dividend for the 100th 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%
increase in the amount of the dividend as compared to the same
month in 2018."
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 5,600 real
estate properties owned under long-term lease agreements with
regional and national commercial tenants. To date, the company has
declared 583 consecutive common stock monthly dividends throughout
its 50-year operating history and increased the dividend 100 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 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