Realty Income Corporation Increases Monthly Dividend for 35th Consecutive Quarter

Realty Income Corporation, The Monthly Dividend Company, has announced a significant increase in its monthly dividend to $0.1175 per share from $0.116875 per share. This decision marks the 35th consecutive quarter in which the Company has increased the amount of its monthly dividend, demonstrating its commitment to providing dependable monthly income to its shareholders. The new dividend amount represents an annualized amount of $1.41 per share and will be payable on July 17, 2006, to shareholders of record as of July 3, 2006.

Key Takeaways:

  • Realty Income Corporation has increased its monthly dividend for the 35th consecutive quarter, highlighting its commitment to delivering consistent performance and dependable monthly income to shareholders.
  • The new monthly dividend amount of $0.1175 per share represents an annualized amount of $1.41 per share.
  • Tom A. Lewis, Chief Executive Officer of Realty Income, emphasized the Company's focus on providing consistent results and dependable monthly income to shareholders through regular dividend increases.
  • Realty Income has made 432 consecutive monthly dividend payments since its inception in 1994 and 432 payments in total throughout its 37-year operating history.

Statistics:

  • 35 consecutive quarters of increased monthly dividend payments.
  • $0.1175 per share monthly dividend amount.
  • Annualized monthly dividend amount: $1.41 per share.
  • Total consecutive monthly dividend payments: 432.
  • Operating history: 37 years.
  • Total properties owned under long-term lease agreements: 1,600.

Sources:

  • Realty Income Corporation press release, July 2006.
  • Realty Income Corporation website: http://www.realtyincome.com/Investing/News.html.
  • Note to Editors: Realty Income press releases are available at no charge by calling the toll-free investor hotline at 888-811-2001.