127th Common Stock Monthly Dividend Increase Declared by Realty Income

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Realty Income (NYSE: O), known as The Monthly Dividend Company®, has announced its 127th dividend increase since its 1994 NYSE listing. The company has declared a monthly cash dividend increase from $0.2630 to $0.2635 per share, payable on October 15, 2024, to stockholders of record as of October 1, 2024. This raise brings the annualized dividend to $3.162 per share, up from $3.156. Realty Income has maintained a 651-consecutive monthly dividend streak throughout its 55-year history, with 108 consecutive quarterly increases since its NYSE listing. The company, an S&P 500 member, boasts a diverse portfolio of 15,450 properties across the U.S. and Europe.

Positive

• Declared 127th dividend increase since 1994 NYSE listing
• Monthly dividend increased to $0.2635 per share
• Annualized dividend raised to $3.162 per share
• 651 consecutive monthly dividends paid over 55-year history
• 108 consecutive quarters of dividend increases
• Diverse portfolio of 15,450 properties across multiple countries

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• None.

SAN DIEGO, Sept. 10, 2024 /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 $0.2635 per share from $0.2630 per share. The dividend is payable on October 15, 2024, to stockholders of record as of October 1, 2024. This is the 127^th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.162 per share as compared to the prior annualized dividend amount of $3.156 per share.

"The dividend remains core to Realty Income's mission," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This is the 108^th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing and today's declaration represents the 651^st consecutive monthly dividend throughout our 55-year operating 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 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe. We are known as "The Monthly Dividend Company^®," and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 651 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats^® index, having increased our dividend for the last 30 consecutive years.

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 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.

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SOURCE Realty Income Corporation

FAQ

What is Realty Income's new monthly dividend per share for October 2024?

Realty Income's new monthly dividend is $0.2635 per share, payable on October 15, 2024, to stockholders of record as of October 1, 2024.

How much has Realty Income (O) increased its annualized dividend?

Realty Income has increased its annualized dividend from $3.156 to $3.162 per share.

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

Realty Income has declared 651 consecutive monthly dividends throughout its 55-year operating history.

How many properties does Realty Income (O) have in its portfolio as of September 2024?

As of September 2024, Realty Income has a portfolio of 15,450 properties across the U.S., U.K., and six other European countries.