Realty Income Corporation announced on April 14 that it has declared its 670th consecutive monthly dividend for common stock. The company stated the dividend is $0.2705 per share, which amounts to an annualized total of $3.246 per share, and will be paid on May 15 to shareholders of record as of April 30.
This announcement highlights Realty Income’s ongoing commitment to regular dividends, a practice that the company has maintained since its founding in 1969. The company said it is recognized as “The Monthly Dividend Company” and noted its membership in the S&P 500 Dividend Aristocrats index due to more than three decades of increasing dividends.
According to Realty Income, as of December 31, it manages a portfolio with over 15,500 properties across all U.S. states, the United Kingdom, and eight other European countries. The company said it serves clients by providing full-service real estate capital solutions and aims to deliver dependable monthly dividends that increase over time.
The press release also included cautionary statements regarding forward-looking information about future plans or results. “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,” Realty Income said in the statement.
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Looking ahead, Realty Income reiterated there can be no assurance that historical trends will continue or that forecasts made in forward-looking statements will materialize.
