Realty Income Raises Monthly Cash Dividend to $0.1818542/Share
Realty Income Corporation (Realty Income), The Monthly Dividend Company, (NYSE: O), today announced its board of directors has declared an increase in the company's common stock monthly cash dividend to $0.1818542 per share from $0.1815417 per share. The dividend is payable on October 15, 2013 to shareholders of record as of October 1, 2013. This is the 73rd dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of approximately $2.182 per share as compared to the previous annualized dividend amount of approximately $2.179 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income's dividend increases, refer to the chart below or visit the company's website at www.realtyincome.com.
John P. Case, Chief Executive Officer of Realty Income commented, "We are pleased that our Board of Directors have once again determined that we are able to increase the amount of the monthly dividend we pay to our shareholders. With the payment of the October dividend, we will have made 519 consecutive monthly dividend payments and paid over