ESCONDIDO, Calif., Dec. 16, 2014 /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 $0.1834167 per share from
$0.1831042 per share. The dividend is
payable on January 15, 2015 to
shareholders of record as of January 2,
2015. This is the 78th dividend increase since
Realty Income went public in 1994. The new monthly dividend amount
represents an annualized dividend amount of approximately
$2.201 per share as compared to the
previous annualized dividend amount of approximately $2.197 per share.
The Board of Directors also declared a dividend on the company's
Monthly Income Class F preferred stock. The monthly dividend amount
of $0.138021 on the Class F preferred
shares is payable on January 15, 2015
to shareholders of record as of January 1,
2015. The annualized dividend amount for the Class F
preferred shares is $1.65625 per
share.
The company continues its long-term policy of declaring and
paying dividends on a monthly, rather than on a quarterly, basis.
To view a history of Realty Income's dividend increases, refer to
the chart below or visit the company's website at
www.realtyincome.com.
John P. Case, Chief Executive
Officer of Realty Income commented, "We are pleased that our Board
of Directors has once again determined that we are able to increase
the amount of the monthly dividend we pay to our
shareholders. With the payment of the January dividend, we
will have made 534 consecutive monthly dividend payments and paid
over $3.2 billion in dividends
throughout our 45-year operating history."
About the Company
Realty Income, The Monthly Dividend Company®, is a New
York Stock Exchange real estate company dedicated to providing
shareholders with dependable monthly income. To date, the company
has declared 534 consecutive common stock monthly dividends
throughout its 45-year operating history and increased the dividend
78 times since Realty Income's listing on the New York Stock
Exchange in 1994. The monthly income is supported by the cash flow
from over 4,200 properties owned under long-term lease agreements
with regional and national retail chains and other commercial
tenants. The company is an active buyer of net-leased properties
nationwide. Additional information about the company can be
obtained from the corporate website at www.realtyincome.com or
www.twitter.com/realtyincome.
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.
Note to Editors:
Realty Income press releases are available on the Internet at
www.realtyincome.com/invest/newsroom-library/press-releases.shtml.
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SOURCE Realty Income Corporation