Realty Income Issues Another Monthly Dividend

ESCONDIDO-Realty Income Corp., a buyer and owner of retail property, announced that its board of directors declared a common stock dividend of $0.18375 per share, payable on Dec. 15, 2000 to shareholders of record as of Dec. 1, 2000.The dividend represents an annualized rate of $2.21 per share. The board also declared a monthly dividend on the company’s Class C preferred stock. The dividend is payable on Dec. 31, 2000 for shareholders of record as of Dec. 15, 2000. The monthly dividend amount on the Class C preferred stock is $0.1979 per share for an annualized rate of $2.375 per share.Escondido-based Realty Income’s hallmark is its monthly dividend, supported by cash flows from 1,072 retail properties it owns under long-term lease agreements with leading regional and national retail chains. The company is an active buyer of net-leased retail properties nationwide.