Realty Income Announces Milestone Of $3 Billion In Common Stock Dividends Paid

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Jun 16, 2014, 04:05 ET

ESCONDIDO, Calif., June 16, 2014 /PRNewswire/ -- Realty Income Corporation (Realty Income), The Monthly Dividend Company^®, (NYSE: O), announced today that with the payment of the June 2014 dividend, the company has paid over $3 billion in common stock dividends to its shareholders.

Dividend Increases. (PRNewsFoto/Realty Income Corporation) (PRNewsFoto/Realty Income Corporation)

Realty Income has been paying monthly dividends to its shareholders since its founding in 1969. In addition, since October 1994 when the company began trading on the New York Stock Exchange, the dividend has increased 75 times resulting in a compounded average annual growth rate of approximately 5%. The annualized dividend amount has grown from $0.90 per share in 1994 to $2.19 per share as of June 2014, an increase of 143.3%.

Commenting on this milestone, Chief Executive Officer, John P. Case said, "We are pleased with the company's consistent performance that has allowed us to pay over $3 billion in monthly dividends to our shareholders. Throughout our 45-year operating history, we have experienced a variety of economic environments and have managed the business to maintain the safety and the growth of our dividend over time. As The Monthly Dividend Company^®, we remain committed to operating our company in a manner that supports the payment of monthly dividends to our shareholders."

About Realty Income
Realty Income is The Monthly Dividend Company^®, a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. In March 2014, Realty Income announced the 66^th consecutive quarterly dividend increase, which is the 75^th increase in the amount of the dividend since the company's listing on the New York Stock Exchange in 1994. To date, the company had paid 527 consecutive monthly dividends throughout its 45-year operating history. The monthly income is supported by the cash flows from over 4,200 properties owned under long-term lease agreements with regional and national retail chains and other commercial tenants. The company is an active buyer of net-leased properties nationwide. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Forward-Looking Statements
Statements in this press release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the company's actual future results to differ materially from expected results. These risks include, among others, general economic conditions, local real estate conditions, the availability of capital to finance planned growth, continued volatility and uncertainty in the credit markets and broader financial markets, property acquisitions and the timing of these acquisitions, charges for property impairments, the outcome of any legal proceedings to which the company is a party, and the profitability of Crest, the company's subsidiary, as described in the company's filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

Note to Editors: Realty Income press releases are available on the internet at www.realtyincome.com/invest/newsroom-library/press-releases.shtml.

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SOURCE Realty Income Corporation