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.
"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.
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SOURCE Realty Income Corporation