National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock
Rhea-AI Summary
The Board of Directors of National Retail Properties (NYSE: NNN) declared a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. The dividend is payable on March 15, 2021, to shareholders of record as of February 26, 2021.
National Retail Properties primarily invests in high-quality retail properties under long-term net leases. As of December 31, 2020, the company owned 3,143 properties across 48 states, covering approximately 32.5 million square feet with a weighted average remaining lease term of 10.7 years.
Positive
- Declared a cash dividend of 32.5 cents per share, enhancing shareholder income.
- Strong portfolio with 3,143 properties across 48 states, indicating diverse investment.
Negative
- None.
News Market Reaction – NNN
In the trading session that priced this news, NNN declined 1.37%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ORLANDO, Fla., Feb. 15, 2021 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2020, the company owned 3,143 properties in 48 states with a gross leasable area of approximately 32.5 million square feet and with a weighted average remaining lease term of 10.7 years. For more information on the company, visit www.nnnreit.com.
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SOURCE National Retail Properties, Inc.