Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that its Board of Directors has declared the 607th consecutive common stock monthly dividend. The dividend amount of $0.2345 per share, representing an annualized amount of $2.814 per share, is payable on February 16, 2021 to shareholders of record as of February 1, 2021. The ex-dividend date for February's dividend is January 29, 2021.
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the closing of a 12,075,000 share public common stock offering, which includes the underwriters' option to purchase up to 1,575,000 additional shares of common stock which, as of January 13, 2021, was fully exercised. Net proceeds from the offering, including the exercised underwriters' option of 1,575,000 shares, after underwriting discounts and commissions, but before deducting other offering expenses, are approximately $669.6 million. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup.
Realty Income (NYSE: O), the storied real estate investment trust (REIT) that specializes in retail properties, is bulking up its finances with a new secondary stock issue. The REIT estimates its net proceeds from the issue will be roughly $582.3 million. Realty Income said that the underwriters of the issue -- the joint-book running managers for which are Bank of America Securities, Morgan Stanley, Wells Fargo Securities, and Citigroup -- have been granted a 30-day option to buy an additional 1.575 million shares.