120th Common Stock Monthly Dividend Increase Declared By Realty Income

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Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, has announced an increase in its common stock monthly cash dividend from $0.2545 to $0.2550 per share, effective April 14, 2023, for stockholders of record as of April 3, 2023. This marks the 120th dividend increase since its NYSE listing in 1994 and brings the annualized dividend to $3.060 per share compared to the previous $3.054. Realty Income has a solid track record with 633 consecutive monthly dividend declarations in its 54-year history.

Positive

• Increase in monthly dividend to $0.2550 per share.
• 120th dividend increase since 1994 listing.
• Annualized dividend now $3.060 per share.

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• None.

SAN DIEGO, March 14, 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 $0.2550 per share from $0.2545 per share. The dividend is payable on April 14, 2023, to stockholders of record as of April 3, 2023. This is the 120^th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for March's dividend is March 31, 2023. The new monthly dividend represents an annualized dividend amount of $3.060 per share as compared to the prior annualized dividend amount of $3.054 per share.

"I'm pleased that our Board has once again determined to increase Realty Income's monthly dividend. This decision is in line with our foundational commitment to pay stockholders a reliable monthly dividend that grows over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Today's dividend declaration represents the 633^rd consecutive monthly dividend declared by Realty Income during our 54-year history."

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 12,200 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 633 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 120 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 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, the measures taken to limit their spread, and the impacts on us, our business, our clients (including those in the theater and fitness industries), or 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. Those 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 or publicly release the results of forward-looking statements 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 monthly dividend for Realty Income (O)?

The new monthly dividend for Realty Income (NYSE: O) is $0.2550 per share.

When is the dividend payment date for Realty Income (O)?

The dividend payment date for Realty Income (NYSE: O) is April 14, 2023.

How often does Realty Income (O) pay dividends?

Realty Income (NYSE: O) pays dividends monthly.

What was the previous monthly dividend for Realty Income (O)?

The previous monthly dividend for Realty Income (NYSE: O) was $0.2545 per share.

How many times has Realty Income (O) increased its dividend since 1994?

Realty Income (NYSE: O) has increased its dividend 120 times since its listing in 1994.