Common Dividend Declared By National Retail Properties, Inc.

Rhea-AI Summary

The Board of Directors of National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 52 cents per share, payable on May 14, 2021, to shareholders on record as of April 30, 2021. NNN boasts a strong track record, being among only three publicly traded REITs to have increased annual dividends for over 31 consecutive years. As of December 31, 2020, the company owned 3,143 properties across 48 states, with a gross leasable area of approximately 32.5 million square feet and a weighted average remaining lease term of 10.7 years.

Positive

• Declared a quarterly dividend of 52 cents per share.
• NNN has a strong history of dividend increases, exceeding 31 consecutive years.
• Ownership of 3,143 retail properties enhances portfolio stability.

Negative

• None.

ORLANDO, Fla., April 15, 2021 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 52 cents per share payable May 14, 2021 to common shareholders of record on April 30, 2021. NNN is one of only three publicly traded REITs and 86 publicly traded companies in America to have increased annual dividends for 31 or more consecutive years.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2020, the company owned 3,143 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 10.7 years. For more information on the company, visit www.nnnreit.com.

 

 

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SOURCE National Retail Properties, Inc.

FAQ

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

The dividend amount declared is 52 cents per share.

When will the dividend for NNN be paid?

The dividend will be paid on May 14, 2021.

What is the record date for the NNN dividend?

The record date for the dividend is April 30, 2021.

How many consecutive years has NNN increased its dividend?

National Retail Properties has increased its annual dividends for over 31 consecutive years.

How many properties does NNN own?

National Retail Properties owns 3,143 properties across 48 states.