Common Dividend Declared By National Retail Properties, Inc.

Rhea-AI Summary

National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 53 cents per share, payable on August 16, 2021. This marks the 32nd consecutive annual dividend increase, a distinction shared by only three publicly traded REITs and 86 companies in the U.S. This achievement demonstrates the company's resilience and consistent growth despite economic challenges. As of March 31, 2021, NNN owned 3,161 properties across 48 states, with a weighted average remaining lease term of 10.6 years.

Positive

• Quarterly dividend of 53 cents per share declared.
• 32nd consecutive increase in annual dividends.
• Strong financial performance amidst economic turmoil.

Negative

• None.

ORLANDO, Fla., July 15, 2021 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 53 cents per share payable August 16, 2021 to common shareholders of record on July 30, 2021.  The increase in the quarterly dividend marks the 32^nd consecutive annual dividend increase.  NNN is one of only three publicly traded REITs and 86 publicly traded companies in America to have increased annual dividends for 32 or more consecutive years.

Jay Whitehurst, Chief Executive Officer, commented: "National Retail Properties is pleased to make 2021 our 32^nd consecutive year of annual dividend increases.  This impressive track record of consistent growth has, once again, spanned turmoil in the economy and validates the enduring power of our multi-year approach and strong, flexible balance sheet."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2021, the company owned 3,161 properties in 48 states with a gross leasable area of approximately 32.7 million square feet and with a weighted average remaining lease term of 10.6 years. For more information on the company, visit www.nnnreit.com.

 

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SOURCE National Retail Properties, Inc.

FAQ

What is the recent dividend amount declared by National Retail Properties (NNN)?

National Retail Properties declared a quarterly dividend of 53 cents per share.

When is the dividend for National Retail Properties (NNN) payable?

The dividend is payable on August 16, 2021.

How many consecutive annual dividend increases has NNN achieved?

National Retail Properties has achieved 32 consecutive annual dividend increases.

How many properties does National Retail Properties (NNN) currently own?

As of March 31, 2021, NNN owned 3,161 properties.

What is the weighted average remaining lease term for NNN's properties?

The weighted average remaining lease term is 10.6 years.