SAN
DIEGO, June 13, 2023 /PRNewswire/ -- Realty
Income Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced its Board of Directors has
declared an increase in the company's common stock monthly cash
dividend to $0.2555 per share from
$0.2550 per share. The dividend is
payable on July 14, 2023, to
stockholders of record as of July 3,
2023. This is the 121st dividend increase since
Realty Income's listing on the NYSE in 1994. The ex-dividend date
for June's dividend is June 30, 2023.
The new monthly dividend represents an annualized dividend amount
of $3.066 per share as compared to
the prior annualized dividend amount of $3.06 per share.
"During our 54-year operating history, Realty Income has
consistently paid stockholders a monthly dividend that increases
over time. I'm pleased that we will once again increase the
dividend amount this month to honor this legacy," said Sumit Roy, President and Chief Executive Officer
of Realty Income. "This dividend declaration represents the
636th consecutive monthly dividend declared by Realty
Income since our founding."
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 636 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, the ability to
satisfy the conditions to closing of the proposed transaction, and
the timing thereof; the outcome of our due diligence review; 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.
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