126th Common Stock Monthly Dividend Increase Declared by Realty Income
Realty Income (NYSE: O) announced an increase in its monthly dividend to $0.2630 per share, up from $0.2625. The dividend is payable on July 15, 2024, to shareholders on record as of July 1, 2024. This marks the 126th increase since its NYSE listing in 1994 and the company's fourth dividend increase in 2024. The new annualized dividend amounts to $3.156 per share, compared to the previous $3.150.
Known as 'The Monthly Dividend Company®,' Realty Income, an S&P 500 company, has over 15,450 properties across the U.S., U.K., and Europe. They have declared 648 consecutive monthly dividends and are part of the S&P 500 Dividend Aristocrats® index, reflecting 29 consecutive years of dividend increases.
- Realty Income has declared its 126th dividend increase since 1994.
- The monthly dividend has been raised to $0.2630 per share, marking the fourth increase in 2024.
- The new annualized dividend amount is $3.156 per share, slightly higher than the previous $3.150 per share.
- Realty Income has a portfolio of over 15,450 properties in the U.S., U.K., and six other European countries.
- The company has declared 648 consecutive monthly dividends.
- Realty Income is part of the S&P 500 Dividend Aristocrats® index, indicating 29 years of consecutive dividend increases.
- The increase in the monthly dividend is minimal, only $0.0005 per share.
- Despite frequent dividend increases, the annualized dividend growth from $3.150 to $3.156 is relatively modest.
"As The Monthly Dividend Company®, we remain dedicated to operating in a manner that provides shareholders with dependable, growing dividends," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This marks the fourth dividend increase of 2024 and the 648th consecutive monthly dividend throughout our 55-year history."
About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the
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; cash flows; the intentions of management; and dividends, including the amount, timing, growth 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 real estate investment trust; 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 (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client 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; property ownership through joint ventures, partnerships and other arrangements which may limit control of the underlying investments; epidemics or pandemics including measures taken to limit their spread, the impacts on us, our business, our clients, 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; the anticipated benefits from mergers and acquisitions including from the merger with Spirit Realty Capital, Inc.; 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/126th-common-stock-monthly-dividend-increase-declared-by-realty-income-302169905.html
SOURCE Realty Income Corporation
FAQ
What is the new monthly dividend declared by Realty Income?
When is the new dividend from Realty Income payable?
How many times has Realty Income increased its dividend in 2024?
What is the annualized dividend amount for Realty Income as of the latest increase?
How many consecutive monthly dividends has Realty Income declared?
What is Realty Income's stock symbol?
