110th Common Stock Monthly Dividend Increase Declared By Realty Income

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Realty Income Corporation (NYSE: O) has declared an increase in its monthly cash dividend from $0.2345 to $0.235 per share, effective April 15, 2021, for shareholders of record as of April 1, 2021. This marks the 110th dividend increase since its NYSE listing in 1994, contributing to a total of 609 consecutive monthly dividend payments. The new dividend equates to an annualized amount of $2.82 per share compared to the previous $2.814 per share.

Positive

• Monthly dividend increased to $0.235 per share.
• 110th dividend increase since 1994.
• 609 consecutive monthly dividend payments made.

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• None.

SAN DIEGO, March 16, 2021 /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 $0.235 per share from $0.2345 per share. The dividend is payable on April 15, 2021 to shareholders of record as of April 1, 2021. This is the 110^th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for April's dividend is March 31, 2021. The new monthly dividend represents an annualized dividend amount of $2.82 per share as compared to the current annualized dividend amount of $2.814 per share.

"We remain committed to our company's mission of paying dependable monthly dividends to our shareholders that increase over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 110^th increase since our company's public listing in 1994. With the payment of the April dividend, we will have made 609 consecutive monthly dividend payments throughout our 52-year operating history."  

About the Company
Realty Income, The Monthly Dividend Company^®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 609 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 110 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats^® index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Forward-Looking Statements
Statements in this press release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the company's actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, client financial health, the availability of capital to finance planned growth, volatility and uncertainty in the credit markets and broader financial markets, changes in foreign currency exchange rates, property acquisitions and the timing of these acquisitions, charges for property impairments, the effects of the COVID-19 pandemic and the measures taken to limit its impact, the effects of pandemics or global outbreaks of contagious diseases or fear of such outbreaks, the company's clients' ability to adequately manage its properties and fulfill their respective lease obligations to the company, and the outcome of any legal proceedings to which the company is a party, as described in the company's filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The company undertakes no obligation to publicly release the results of any revisions to these 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

FAQ

What is the new dividend amount for Realty Income Corporation (O)?

The new dividend amount for Realty Income Corporation is $0.235 per share.

When will the new dividend be paid to shareholders of Realty Income (O)?

The new dividend will be paid on April 15, 2021.

What is the record date for Realty Income's (O) upcoming dividend payment?

The record date for the upcoming dividend payment is April 1, 2021.

How many consecutive monthly dividends has Realty Income (O) paid?

Realty Income has paid 609 consecutive monthly dividends.

What was the previous dividend amount before the increase for Realty Income (O)?

The previous dividend amount was $0.2345 per share.