Business

Realty Income Corporation (NYSE:O) declares an increase in the company’s common stock monthly cash dividend to $0.2275 per share from $0.227 per share.

On Tuesday Realty Income Corporation (NYSE:O) stock traded volume of 1215195 shares during its last trading session as compared to its average volume of 1923406 shares over the recent month. O ended its day with the down stream along the move of -0.18% and closed at the price of $75.61 before opening at $75.76. It has total market capitalization is $24642735788. 52week range of the stock remained $ 59.93 – 82.17 while its day lowest price was $74.93 and its hit its day highest price at $76.08.

Realty Income Corporation (NYSE:O) The Monthly Dividend Company®, disclosed its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2275 per share from $0.227 per share. The dividend is payable on January 15, 2020 to shareholders of record as of January 2, 2020. This is the 104th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for January’s dividend is December 31, 2019. The new monthly dividend represents an annualized dividend amount of $2.73 per share as compared to the current annualized dividend amount of $2.724 per share.

We remain committed to our company’s mission of paying dependable monthly dividends to our shareholders that increase over time, said Sumit Roy, President and Chief Executive Officer of Realty Income. Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 104th increase since our company’s public listing in 1994. With the payment of the January dividend, we will have made 594 consecutive monthly dividend payments throughout our 50-year operating history.

About the Company

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,900 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 594 consecutive common stock monthly dividends throughout its 50-year operating history and increased the dividend 104 times since Realty Income’s public listing in 1994 (NYSE: O).

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