SAN
DIEGO, July 11, 2023 /PRNewswire/ -- Realty
Income Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced that it has declared the
637th consecutive common stock monthly dividend. The
dividend amount of $0.2555 per share,
representing an annualized amount of $3.066 per share, is payable on August 15, 2023 to stockholders of record as of
August 1, 2023. The ex-dividend date
for July's dividend is July 31,
2023.
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 12,400 real estate properties
primarily owned under long-term net lease agreements with
commercial clients. To date, the company has declared 637
consecutive common stock monthly dividends throughout its 54-year
operating history and increased the dividend 121 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 future operations and results, our business and
portfolio and the announcement of plans 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 and 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;
the continued evolution of the COVID-19 pandemic or future
epidemics or pandemics, measures taken to limit their spread, the
impacts on us, our business, our clients (including those in the
theater and fitness industries), 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; any effects of uncertainties regarding whether
the anticipated benefits or results of our merger with VEREIT, Inc.
in November 2021 will be achieved;
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