Realty Income Increases Common Stock Monthly Dividend; 36th Consecutive Quarterly Increase.ESCONDIDO, Calif. -- Realty Income Corporation Realty Income Corporation is a real estate company based in Escondido, California. It is certified as a real estate investment trust by the SEC. Sometimes referred to as the "monthly dividend company" because of its strong history of providing monthly dividends to its shareholders. (Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Income), The Monthly Dividend Company(R), (NYSE NYSE See: New York Stock Exchange :O) today announced that its Board of Directors has declared an increase in the Company's common stock monthly dividend to $0.125875 per share from $0.12525 per share. The new monthly dividend amount represents an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. amount of $1.5105 per share. The dividend is payable on October 16, 2006 to shareholders of record as of October 2, 2006. This is the 36th consecutive quarter in which the Company has increased the amount of its monthly dividend and the 41st increase since Realty Income went public in 1994. The Company continues its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. policy of declaring and paying common stock dividends on a monthly, rather than on a quarterly, basis. Tom A. Lewis, Chief Executive Officer of Realty Income, commented, "We are delighted to have been able to increase the amount of the monthly dividend again this quarter. With the payment of the October dividend, we will have made 435 consecutive monthly dividend payments. Our goal is to continue to provide consistent performance results and dependable monthly income to our shareholders. Increasing the amount of the dividend on a regular basis is the best evidence we can provide of our progress towards this goal." Realty Income, The Monthly Dividend Company(R), is a real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 435 consecutive monthly dividends throughout its 37-year operating history and increased the dividend 41 times since Realty Income's listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. in 1994. The monthly dividend is supported by the cash flow from over 1,700 retail properties owned under long-term lease agreements with leading regional and national retail chains. The Company is an active buyer of net-leased retail properties nationwide. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements in this press release, which 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, property acquisitions and the timing of these acquisitions, charges for property impairments, the outcome of any legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. to which the Company is a party, and the profitability of the Company's subsidiary, Crest Net Lease, as described in the Company's filings with the Securities and Exchange Commission. Consequently, such 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date these statements were made. Note to Editors: Realty Income press releases are available at no charge by calling our toll-free investor hotline number: 888-811-2001, or through the Internet at http://www.realtyincome.com/Investing/News.html. |
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