SAN DIEGO, Jan. 16, 2018 /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 $0.219 per share from
$0.2125 per share. The dividend is
payable on February 15, 2018 to
shareholders of record as of February 1,
2018. This is the 95th dividend increase since
Realty Income's listing on the NYSE in 1994. The ex-dividend date
for February's dividend is January 31,
2018. The new monthly dividend represents an annualized
dividend amount of $2.628 per share
as compared to the current annualized dividend amount of
$2.55 per share.
"We are pleased that the continued success of our operations has
allowed us to increase the amount of the dividend we pay to our
shareholders, while still maintaining a strong dividend coverage
ratio," said John P. Case, Chief
Executive Officer of Realty Income. "With the payment of the
February 2018 dividend, shareholders
will enjoy an increase of 4% in the amount of their dividend as
compared to the same month in 2017."
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 5,000 real
estate properties owned under long-term lease agreements with
regional and national commercial tenants. To date, the company has
declared 571 consecutive common stock monthly dividends throughout
its 49-year operating history and increased the dividend 95 times
since Realty Income's public listing in 1994 (NYSE: O). The company
has in-house acquisition, portfolio management, asset management,
credit research, real estate research, legal, finance and
accounting, information technology, and capital markets
capabilities. 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