NNN REIT, Inc. Announces 2024 Dividend Tax Status
NNN REIT has announced the tax classification of its 2024 dividends paid to common shareholders.
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Rhea-AI Summary
NNN REIT has announced the tax classification of its 2024 dividends paid to common shareholders. 99.8471% of the dividends are classified as taxable distributions. The total dividend paid was $2.29 per share, with $2.286498 classified as ordinary dividends and $0.003502 as non-taxable distributions. The ordinary dividends qualify for the 20% qualified business income deduction under Section 199A.
This dividend payment marks the thirty-fifth consecutive annual dividend increase for NNN REIT. As of September 30, 2024, the company owned 3,549 properties across 49 states, comprising approximately 36.6 million square feet of gross leasable area, with a weighted average remaining lease term of 10.0 years.
Positive
- 35 consecutive years of dividend increases demonstrating consistent growth
- Large portfolio of 3,549 properties across 49 states
- Long-term stability with 10.0-year weighted average remaining lease term
- 99.8471% of dividends qualify for 20% qualified business income deduction
Negative
- None.
Details
News Market Reaction – NNN
The recorded move for NNN in the trading session of this news was +0.59%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Total Dividend | Ordinary Dividends (Box 1a) | Non-taxable Distributions (Box 3) | Section 199A Dividends (1) (Box 5) | ||||||
Common Stock (CUSIP: 637417106)
| |||||||||
100.0000 % | 99.8471 % | 0.1529 % | 99.8471 % | ||||||
(1) Dividends eligible for the Section 199A and included in box 1a, Ordinary Dividends. | |||||||||
"The common dividend of
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2024, the company owned 3,549 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 10.0 years. For more information on the company, visit www.nnnreit.com.
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SOURCE NNN REIT, Inc.
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