SAN DIEGO, March 12, 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
$0.226 per share from $0.2255 per share. The dividend is payable on
April 15, 2019 to shareholders of
record as of April 1, 2019. This is
the 101st dividend increase since Realty Income's
listing on the NYSE in 1994. The ex-dividend date for April's
dividend is March 29, 2019. The new
monthly dividend represents an annualized dividend amount of
$2.712 per share as compared to the
current annualized dividend amount of $2.706 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
101st increase since our company's public listing in
1994. With the payment of the April dividend, we will have
made 585 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 5,700 real estate properties owned under
long-term lease agreements with regional and national commercial
tenants. To date, the company has declared 585 consecutive common
stock monthly dividends throughout its 50-year operating history
and increased the dividend 101 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