Realty Income Continues Dividend Legacy with 661st Consecutive Monthly Payout

SAN DIEGO, July 8, 2025 – Realty Income Corporation (NYSE: O), widely recognized as 'The Monthly Dividend Company®,' today announced a significant milestone in its long-standing commitment to shareholder returns: the declaration of its 661st consecutive common stock monthly dividend. This consistent payout underscores the company's robust financial health and its dedication to providing reliable income to its investors.

The declared dividend amount is $0.269 per share. This translates to an annualized dividend of $3.228 per share, reinforcing Realty Income's position as a cornerstone investment for income-focused portfolios. The dividend is scheduled to be payable on August 15, 2025, to stockholders of record as of August 1, 2025.

A Legacy of Consistent Returns

Realty Income's unbroken streak of 661 consecutive monthly dividends is a testament to its resilient business model and prudent financial management. Since its listing on the New York Stock Exchange in 1994, the company has consistently increased its dividend, demonstrating a remarkable ability to navigate various economic cycles, including recessions and periods of market volatility. This consistency is a key differentiator in the highly competitive real estate investment trust (REIT) sector.

The company's business model, primarily focused on acquiring and managing freestanding, single-tenant properties under long-term net lease agreements, provides a stable and predictable revenue stream. This structure minimizes operating expenses for Realty Income and shifts many property-related costs, such as taxes, insurance, and maintenance, to the tenant. This net lease approach is fundamental to its ability to generate consistent cash flow, which in turn supports its reliable dividend distributions.

Market Context and Investor Implications

In the current economic climate, characterized by fluctuating interest rates and ongoing inflation concerns, companies like Realty Income that offer predictable income streams become particularly attractive. For investors seeking stability and a hedge against inflation, the consistent dividend payments from a well-established REIT can be a valuable component of a diversified portfolio. The dividend yield, based on the annualized payout, remains competitive within the REIT sector, especially when considering the company's track record of dividend growth.

Realty Income's portfolio spans a diverse range of industries and tenants, including essential retail, convenience stores, drugstores, and fitness centers. This diversification helps mitigate risks associated with any single tenant or sector downturn. The company's strategic focus on properties leased to tenants with strong credit profiles further enhances the reliability of its rental income.

Investment Insights for Shareholders

For existing shareholders of O, this announcement reaffirms the company's commitment to its dividend policy and provides continued income. The ex-dividend date, typically a few business days before the record date, is crucial for investors looking to qualify for this specific dividend payment. Investors should monitor the stock's performance relative to interest rate movements, as REITs can be sensitive to changes in borrowing costs and the attractiveness of alternative income-generating assets like bonds.

Prospective investors considering Realty Income should evaluate its long-term growth prospects, including its acquisition pipeline and potential for rent escalations. While past performance is not indicative of future results, Realty Income's historical dividend growth and stability make it a compelling option for those prioritizing income and long-term capital appreciation within the real estate sector. The company's consistent communication regarding its dividend schedule provides transparency and predictability, which are highly valued by income-oriented investors.

This 661st consecutive monthly dividend declaration solidifies Realty Income's reputation as a reliable income provider and reinforces its position as a leading player in the net lease REIT market. The company's disciplined approach to acquisitions and portfolio management continues to support its ability to deliver consistent returns to its shareholders.