iStar Declares Quarterly Common Dividend and Preferred Stock Dividends
iStar Inc. (NYSE: STAR) announced quarterly dividends for the third quarter of 2020, payable on September 15, 2020.
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
iStar Inc. (NYSE: STAR) announced quarterly dividends for the third quarter of 2020, payable on September 15, 2020. The Common Stock dividend is set at $0.11 per share, while the 8.00% Series D Preferred Stock will receive $0.50, the 7.65% Series G Preferred Stock $0.478125, and the 7.50% Series I Preferred Stock $0.46875. Holders of record before September 1, 2020 are eligible. iStar aims to innovate the ground lease sector, having executed over $40 billion in transactions over the past two decades.
Positive
- Common Stock dividend of $0.11 per share.
- Preferred dividends demonstrate financial stability and commitment to shareholders.
Negative
- None.
Details
News Market Reaction – STAR
The recorded move for STAR in the trading session of this news was +3.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Aug. 5, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Common Stock and Preferred Stock for the third quarter of 2020. The dividends are all payable on September 15, 2020 to holders of record on September 1, 2020.
Series of Stock | Liquidation | Dividend Per Share |
Common Stock (STAR) | N/A | |
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iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than
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SOURCE iStar Inc.
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