Realty Income Corporation Declares Common Stock Dividend

Strategic Insights -

Realty Income Corporation, a New York Stock Exchange real estate company, has announced that its Board of Directors has declared a common stock dividend of $0.143 per share. This dividend is payable on March 15, 2010 to shareholders of record as of March 1, 2010, and represents an annualized amount of $1.716 per share. The company has a long history of providing dependable monthly income, with 476 consecutive common stock monthly dividends declared since 1994. Realty Income's monthly income is supported by the cash flow from over 2,300 retail properties owned under long-term lease agreements with leading regional and national retail chains.

Key Takeaways:

  • The Board of Directors declared a common stock dividend of $0.143 per share, payable on March 15, 2010 to shareholders of record as of March 1, 2010.
  • The dividend represents an annualized amount of $1.716 per share.
  • Realty Income has declared 476 consecutive common stock monthly dividends throughout its 40-year operating history.
  • The company has increased the dividend 56 times since its listing on the New York Stock Exchange in 1994.
  • Realty Income owns over 2,300 retail properties under long-term lease agreements with leading regional and national retail chains.
  • The monthly income is supported by the cash flow from these properties.
  • The company is a buyer of net-leased retail properties nationwide.
  • The monthly dividend amount on the Class D preferred stock is $0.1536459 per share, for an annualized amount of $1.84375 per share.
  • The monthly dividend amount on the Class E preferred stock is $0.140625 per share, for an annualized amount of $1.6875 per share.

Statistics:

  • 476: consecutive common stock monthly dividends declared by Realty Income's Board of Directors.
  • 40: years of operating history for Realty Income Corporation.
  • 56: times the company has increased the dividend since its listing on the New York Stock Exchange in 1994.
  • $0.143: per share common stock dividend declared by Realty Income's Board of Directors.
  • 1.716: annualized amount of the common stock dividend.
  • 2,300: number of retail properties owned by Realty Income under long-term lease agreements.
  • 1994: year Realty Income listed on the New York Stock Exchange.
  • 888-811-2001: toll-free investor hotline number for Realty Income press releases.
  • http://www.realtyincome.com: website for Realty Income Corporation press releases.

Sources:

  • Realty Income Corporation press release, accessed March 15, 2010.