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Strategies & Market Trends : Dividend investing for retirement

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To: deeno who wrote (8267)3/15/2011 10:40:06 PM
From: Elroy  Read Replies (1) of 34328
 
Realty Income Increases Common Stock Monthly Dividend

ESCONDIDO, Calif.--(BUSINESS WIRE)-- Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O - News), today announced that its Board of Directors has declared an increase in the Company’s common stock monthly cash dividend to $0.1445625 per share from $0.14425 per share. The dividend is payable on April 15, 2011 to shareholders of record as of April 1, 2011. This is the 54th consecutive quarterly increase and the 61st dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.73475 per share as compared to the previous annualized dividend amount of $1.731 per share. The Company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis.

Tom A. Lewis, Chief Executive Officer of Realty Income commented, “We are pleased that our operations allow us to once again increase the amount of the dividend we pay to our shareholders. With the payment of the April dividend we will have made 489 consecutive monthly dividend payments.”
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