National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock

(Neutral)

Rhea-AI Summary

National Retail Properties (NYSE: NNN) has declared a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. This dividend is payable on June 15, 2021 to shareholders of record as of May 28, 2021. As of March 31, 2021, the company owns 3,161 properties across 48 states, with a total gross leasable area of approximately 32.7 million square feet and a weighted average remaining lease term of 10.6 years.

Positive

Declared dividend of 32.5 cents per share, demonstrating commitment to returning income to shareholders.
Strong property portfolio with 3,161 properties, indicating stability and potential for sustained income.

Negative

None.

News Market Reaction – NNN

+0.58%

+0.58% Session move

In the trading session that priced this news, NNN gained 0.58%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

05/14/2021 - 08:30 AM

ORLANDO, Fla., May 14, 2021 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable June 15, 2021, to shareholders of record on May 28, 2021.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2021, the company owned 3,161 properties in 48 states with a gross leasable area of approximately 32.7 million square feet and with a weighted average remaining lease term of 10.6 years. For more information on the company, visit www.nnnreit.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/national-retail-properties-inc-declares-dividend-for-its-5-20-series-f-preferred-stock-301291375.html

SOURCE National Retail Properties, Inc.

FAQ

When is the dividend payment date for NNN?

The dividend payment date for NNN is June 15, 2021.

What is the amount of the dividend declared by NNN?

National Retail Properties declared a dividend of 32.5 cents per share.

Who are the shareholders of record for the NNN dividend?

The shareholders of record for the NNN dividend are those on record as of May 28, 2021.

What is the yield of the 5.20% Series F Preferred Stock?

The yield of the 5.20% Series F Preferred Stock is based on the dividend amount relative to its price and is currently 5.20%.