SAN
DIEGO, Sept. 12, 2023 /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 $0.2560 per share from $0.2555 per share. The dividend is payable on
October 13, 2023, to stockholders of
record as of October 2, 2023. This is
the 122nd dividend increase since Realty Income's
listing on the NYSE in 1994. The ex-dividend date for October's
dividend is September 29, 2023. The
new monthly dividend represents an annualized dividend amount of
$3.072 per share as compared to the
prior annualized dividend amount of $3.066 per share.
"Core to Realty Income's mission is providing our stockholders
with dependable monthly dividends that increase over time. I'm
pleased Realty Income will once again increase our monthly dividend
for the 104th consecutive quarter," said Sumit Roy, President and Chief Executive Officer
of Realty Income. "With the payment of our 639th
consecutive monthly dividend in October, we remain committed to
this goal."
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
13,100 real estate properties primarily owned under long-term net
lease agreements with commercial clients. To date, the company has
declared 639 consecutive monthly dividends on its shares of
common stock throughout its 54-year operating history and increased
the dividend 122 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 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
(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