National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock
On August 14, 2020, National Retail Properties (NYSE: NNN) announced a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On August 14, 2020, National Retail Properties (NYSE: NNN) announced a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. The dividend is payable on September 15, 2020, to shareholders of record as of August 31, 2020. As of June 30, 2020, the company owns 3,117 properties across 48 states, with a total gross leasable area of approximately 32.5 million square feet and a weighted average remaining lease term of 10.9 years.
Positive
- Declared a cash dividend of 32.5 cents per share, demonstrating company confidence.
- Long-term, net lease properties provide income stability.
Negative
- None.
Details
News Market Reaction – NNN
The recorded move for NNN in the trading session of this news was -0.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ORLANDO, Fla., Aug. 14, 2020 /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 June 30, 2020, the company owned 3,117 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 10.9 years. For more information on the company, visit www.nnnreit.com.
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SOURCE National Retail Properties, Inc.
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