Summary by Moomoo AI
Realty Income, a real estate investment trust (REIT), has announced the availability of 10,928,639 shares of its common stock under its Dividend Reinvestment and Stock Purchase Plan (the 'Plan'). The Plan allows stockholders and other investors to purchase common stock directly from the company and reinvest cash dividends in additional shares. The shares are listed on the New York Stock Exchange under the symbol 'O.' The last reported sale price of the common stock on February 15, 2024, was $52.02 per share. Participation in the Plan is voluntary, and participants may discontinue at any time. New investors can enroll in the Plan by making an initial investment of at least $1,500, up to a maximum of $50,000 per month. The purchase price for shares will be the average of the high and low sale price per share on the last trading day before the investment date. Realty Income currently pays regular monthly distributions to its common stockholders. Investing in the common stock involves risks, including the potential loss of principal.