Realty Income Increases Monthly Dividend
In a press release issued today, Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), announced that its Board of Directors has declared an increase in the Company’s common stock monthly cash dividend to $0.15175 per share from $0.1514375 per share. The dividend is payable on January 15, 2013 to shareholders of record as of January 1, 2013. This is the 69th dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.821 per share as compared to the previous annualized dividend amount of $1.81725 per share. The Company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income’s dividend increases visit the Company’s website.
Tom A. Lewis, Chief Executive Officer of Realty Income commented, “We are pleased that our operations allow us to once again increase the amount of the dividend we pay to our shareholders. With the payment of the January dividend, we will have made 510 consecutive monthly dividend payments.”