SAN
DIEGO, May 17, 2024 /PRNewswire/ -- Realty Income
Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced it has declared an increase in
the company's common stock monthly cash dividend to $0.2625 per share from $0.2570 per share. The dividend is payable on
June 14, 2024, to stockholders of
record as of June 3, 2024. This is
the 125th dividend increase since Realty Income's
listing on the NYSE in 1994. The new monthly dividend represents an
annualized dividend amount of $3.150
per share as compared to the prior annualized dividend amount of
$3.084 per share.
"Realty Income's mission is to provide stockholders with a
dependable monthly dividend that grows over time," said
Sumit Roy, Realty Income's President
and Chief Executive Officer. "This is the 107th
consecutive quarter that we have declared a dividend increase since
our 1994 NYSE listing and represents the 647th
consecutive monthly dividend throughout our 55-year operating
history. With the payment of the June dividend, stockholders will
realize a 2.1% increase in the amount of the dividend as compared
to the previous month. Today's increase reflects our confidence in
the cash flow generating capabilities of our business."
Realty Income also announced it has declared a quarterly cash
dividend of $0.3750 per share to
holders of the Company's 6.00% Series A Cumulative Redeemable
Preferred Stock. The dividend is payable on June 28, 2024, to preferred stockholders of
record as of June 14, 2024.
About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is real estate
partner to the world's leading companies. Founded in 1969, we
invest in diversified commercial real estate and have a portfolio
of over 15,450 properties in all 50 U.S. states, the U.K., and six
other countries in Europe. We are
known as "The Monthly Dividend Company®," and have a
mission to deliver stockholders dependable monthly dividends that
grow over time. Since our founding, we have declared 647
consecutive monthly dividends and are a member of the S&P 500
Dividend Aristocrats® index for having increased our
dividend for the last 25 consecutive years. Additional information
about the company can be found at www.realtyincome.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Exchange Act of 1934, as amended. When used in
this press release, the words "estimated," "anticipated," "expect,"
"believe," "intend," "continue," "should," "may," "likely,"
"plans," and similar expressions are intended to identify
forward-looking statements. Forward-looking statements include
discussions of our business and portfolio, cash flows, intentions
of management and dividends, including the amount, timing and
payment of dividends. Forward-looking statements are subject to
risks, uncertainties, and assumptions about us, which may cause our
actual future results to differ materially from expected results.
Some of the factors that could cause actual results to differ
materially are, among others, our continued qualification as a real
estate investment; general domestic and foreign business, economic,
or financial conditions; competition; fluctuating interest and
currency rates; inflation and its impact on our clients and us;
access to debt and equity capital markets and other sources of
funding (including the terms and partners of such funding);
continued volatility and uncertainty in the credit markets and
broader financial markets; other risks inherent in the real estate
business including our clients' solvency, defaults under leases,
increased client bankruptcies, potential liability relating to
environmental matters, illiquidity of real estate investments, and
potential damages from natural disasters; impairments in the value
of our real estate assets; changes in domestic and foreign income
tax laws and rates; property ownership through joint ventures,
partnerships and other arrangements which may limit control of the
underlying investments; epidemics or pandemics including measures
taken to limit their spread, the impacts on us, our business, our
clients, and the economy generally; the loss of key personnel; the
outcome of any legal proceedings to which we are a party or which
may occur in the future; acts of terrorism and war; the anticipated
benefits from mergers and acquisitions including from the merger
with Spirit Realty Capital, Inc.; and those additional risks and
factors discussed in our reports filed with the U.S. Securities and
Exchange Commission. Readers are cautioned not to place undue
reliance on forward-looking statements. Forward-looking statements
are not guarantees of future plans and performance and speak only
as of the date of this press release. Actual plans and operating
results may differ materially from what is expressed or forecasted
in this press release. We do not undertake any obligation to update
forward-looking statements or publicly release the results of any
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