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124th Common Stock Monthly Dividend Increase Declared by Realty Income

Mia Editor ~ 4/11/2024
SAN DIEGO , March 13 , 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 $ 0.2570 per share from $ 0.2565

SAN DIEGO, March 13, 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 $0.2570 per share from $0.2565 per share. The dividend is payable on April 15, 2024, to stockholders of record as of April 1, 2024. This is the 124th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for April's dividend is March 29, 2024. The new monthly dividend represents an annualized dividend amount of $3.084 per share as compared to the prior annualized dividend amount of $3.078 per share.

124th Common Stock Monthly Dividend Increase Declared By Realty Income

"We remain dedicated to Realty Income's mission of providing stockholders with a dependable monthly dividend that increases over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "This is the 106th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing and today's declaration represents the 645th consecutive monthly dividend throughout our 55-year operating history."

About Realty Income

Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 645 consecutive monthly dividends on its shares of common stock throughout its 55-year operating history and increased the dividend 124 times since Realty Income's public listing in 1994 (NYSE: O). Additional information about the company can be obtained from the corporate website 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 and the intentions of management 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 REIT; 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; continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' 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; our clients' solvency; property ownership through joint ventures and partnerships which may limit control of the underlying investments; current or future epidemics or pandemics, 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 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.

SOURCE Realty Income Corporation Originally published at https://www.prnewswire.com/news-releases/124th-common-stock-monthly-dividend-increase-declared-by-realty-income-302088355.html Images courtesy of https://pixabay.com

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