SAN
DIEGO, Feb. 13, 2024 /PRNewswire/ -- Realty
Income Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced that it has declared the
644th consecutive common stock monthly dividend. The
dividend amount of $0.2565 per share,
representing an annualized amount of $3.078 per share, is payable on March 15, 2024 to stockholders of record as of
March 1, 2024. The ex-dividend date
for March's dividend is February 29,
2024.
Realty Income also announced it has declared a
quarterly cash dividend of $0.3750
per share to holders of the Company's 6.00% Series A Cumulative
Redeemable Preferred Stock. The dividend is payable on March 29, 2024, to preferred stockholders of
record as of March 15, 2024.
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 13,250 real estate properties primarily owned under long-term
net lease agreements with commercial clients. To date, the company
has declared 644 consecutive common stock monthly dividends
throughout its 55-year operating history and increased the dividend
123 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 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 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; 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; the realization of the
anticipated benefits 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