69thCommon Stock Monthly Dividend Increase Declared by Realty Income
ESCONDIDO, Calif.--(BUSINESS WIRE)-- Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYS: O) , today announced that its Board of Directors has declared an increase in the Company's common stock monthly cash dividend to $0.15175 per share from $0.1514375 per share. The dividend is payable on January 15, 2013 to shareholders of record as of January 1, 2013. This is the 69th dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.821 per share as compared to the previous annualized dividend amount of $1.81725 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 visit the Company's website.
Tom A. Lewis, Chief Executive Officer of Realty Income commented, "We are pleased that our operations allow us to once again increase the amount of the dividend we pay to our shareholders. With the payment of the January dividend, we will have made 510 consecutive monthly dividend payments."
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 510 consecutive common stock monthly dividends throughout its 43-year operating history and increased the dividend 69 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 2,800 properties owned under long-term lease agreements with regional and national retail chains and other commercial enterprises. 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.
Statements in this press release, which 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, the availability of capital to finance planned growth, property acquisitions and the timing of these acquisitions, charges for property impairments, the outcome of any legal proceedings to which the Company is a party, and the profitability of the Company's subsidiary, Crest Net Lease, 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.
Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20121218006742/en/
Realty Income Corporation
Vice President, Corporate Communications
760-741-2111, ext. 1177
KEYWORDS: United States North America California
The article 69th Common Stock Monthly Dividend Increase Declared by Realty Income originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.