SAN
DIEGO, Dec. 10, 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 $0.2640 per share from $0.2635 per share. The dividend is payable on
January 15, 2025, to stockholders of
record as of January 2, 2025. This is
the 128th dividend increase since Realty Income's
listing on the NYSE in 1994. The new monthly dividend represents an
annualized dividend amount of $3.168
per share as compared to the prior annualized dividend amount of
$3.162 per share.
"Throughout our 55-year history, Realty Income has declared 654
consecutive monthly dividends," said Sumit
Roy, Realty Income's President and Chief Executive Officer.
"Today's declaration represents the 109th consecutive
quarter that we have declared a dividend increase since our 1994
NYSE listing, demonstrating our commitment to providing
stockholders a dependable monthly dividend that increases over
time."
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 invest in people and places to deliver dependable
monthly dividends that increase over time. Since our founding, we
have declared 654 consecutive monthly dividends and are a member of
the S&P 500 Dividend Aristocrats® index for having
increased our dividend for the last 30 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; the
intentions of management; and dividends, including the amount,
timing and payment of dividends related
thereto. 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 trust; 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, client 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 and
forecasts made in the forward-looking statements discussed in this
press release might not materialize. 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/128th-common-stock-monthly-dividend-increase-declared-by-realty-income-302328137.html
SOURCE Realty Income Corporation