SAN DIEGO, Sept. 8, 2016 /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 $0.202 per share from
$0.2015 per share. The dividend is
payable on October 17, 2016 to
shareholders of record as of October 3,
2016. This is the 88th dividend increase since
Realty Income's listing on the NYSE in 1994. The ex-dividend date
for October's dividend is September 29,
2016. The new monthly dividend amount represents an
annualized dividend amount of $2.424
per share as compared to the previous annualized dividend amount of
$2.418 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 October 17, 2016
to shareholders of record as of October 1,
2016. The annualized dividend amount for the Class F
preferred shares is $1.65625 per
share.
"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," said John P. Case, Chief Executive Officer of Realty
Income. "With the payment of the October dividend, we will have
made 555 consecutive monthly dividend payments and paid over
$4.3 billion in dividends throughout
our 47-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
4,600 real estate properties owned under long-term lease agreements
with regional and national commercial tenants. To date, the company
has declared 555 consecutive common stock monthly dividends
throughout its 47-year operating history and increased the dividend
88 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