Duke Realty Corporation (NYSE: DRE) Announces the Income Tax Characteristics of its 2020 Common Share Dividends

Rhea-AI Summary

Duke Realty Corporation (NYSE: DRE) has shared the tax characteristics of its 2020 common share dividends, totaling $0.960 per share. Key payment dates include February 28, May 29, August 31, and November 30, 2020. Shareholders should consult tax advisors regarding specific treatment, as 74.6% of the dividends are classified as ordinary dividends. No foreign taxes were incurred in 2020, and all capital gain dividends are characterized accordingly for U.S. federal income tax withholding.

Positive

• Total dividends for 2020 amount to $0.960 per share.
• 74.6% of dividends classified as ordinary dividends enhances attractiveness for investors.

Negative

• None.

INDIANAPOLIS, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE) announces the income tax characteristics of its 2020 common share dividends. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Duke Realty Corporation’s dividends.

Common Share Dividends:
Ticker Symbol DRE, CUSIP # 264411505

Payment Date	Total 2020 Distribution Per Share	Total Ordinary Dividends	Qualified Dividends (1)	Total Capital Gain Distribution	Unrecaptured Section 1250 Gain (2)	Section 199A Dividends (3)
Form 1099- DIV Box Number		1a	1b	2a	2b	5
2/28/2020	0.235000	0.175311	0.003371	0.059689	0.016154	0.171940
5/29/2020	0.235000	0.175311	0.003371	0.059689	0.016154	0.171940
8/31/2020	0.235000	0.175311	0.003371	0.059689	0.016154	0.171940
11/30/2020	0.255000	0.190231	0.003658	0.064769	0.017529	0.186573
2020 Totals	$0.960000	$0.716164	$0.013771	$0.243836	$0.065991	$0.702393
Percentage	100.0000%	74.6004%		25.3996%
(1)   Qualified Dividends are a subset of, and are included in, the Total Ordinary Dividends amount reported in box 1a of Form 1099-DIV. (2)   Unrecaptured Sec. 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount reported in box 2a of Form 1099-DIV. (3)   Section 199A Dividends are a subset of, and are included in, the Total Ordinary Dividends amount reported in box 1a of Form 1099-DIV.

For corporate shareholders, the Section 291(a) preference item is 1.3748% of total dividend distributions.   The company did not incur any foreign taxes in 2020. For purposes of satisfying U.S. federal income tax withholding obligations under Section 1.1445-8 of the federal income tax regulations with respect to payments to foreign shareholders, Duke Realty Corporation characterizes the long-term capital gain portion of the dividends, including the Unrecaptured Section 1250 gain, described above as capital gain dividends.

Pursuant to Treas. Reg. § 1.1061-6(c), none of the capital gain dividends reported in Form 1099-DIV Box 2a relate to the “One or Three Year Amounts Disclosure” for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”

About Duke Realty Corporation

Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a component of the S&P 500 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.

Investor Relations Contact:     

Ron Hubbard
(317) 808-6000

Tax Contact:

Stephanie York
(317) 808-6000

FAQ

What is the total dividend amount for Duke Realty Corporation in 2020?

Duke Realty Corporation's total dividend for 2020 is $0.960 per share.

What percentage of Duke Realty's dividends are qualified dividends?

74.6% of Duke Realty's dividends are classified as ordinary dividends.

When were the dividend payments made by Duke Realty in 2020?

Duke Realty made dividend payments on February 28, May 29, August 31, and November 30, 2020.

Did Duke Realty encounter any foreign taxes in 2020?

No, Duke Realty did not incur any foreign taxes in 2020.