Realty Income Announces 650th Consecutive Common Stock Monthly Dividend and Declares Preferred Stock Quarterly Dividend
Rhea-AI Summary
Realty Income (NYSE: O), known as The Monthly Dividend Company®, has announced its 650th consecutive common stock monthly dividend. The dividend of $0.2630 per share, equating to an annualized amount of $3.156 per share, will be paid on September 13, 2024, to stockholders of record as of September 3, 2024. Additionally, the company declared a quarterly cash dividend of $0.3750 per share for holders of its 6.00% Series A Cumulative Redeemable Preferred Stock, payable on September 30, 2024. Realty Income, an S&P 500 company, boasts a portfolio of 15,450 properties across the U.S., U.K., and six European countries, and has increased its dividend for 30 consecutive years.
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- Declared 650th consecutive monthly dividend, showcasing consistency
- Annualized dividend amount of $3.156 per share for common stock
- 30 consecutive years of dividend increases, member of S&P 500 Dividend Aristocrats® index
- Extensive portfolio of 15,450 properties across multiple countries
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- None.
Realty Income also announced it has declared a quarterly cash dividend of
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
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
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