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 55 cents per share, scheduled for payment on May 15, 2023, to shareholders on record as of April 28, 2023.

National Retail Properties has a strong dividend history, being one of only three publicly traded REITs to have increased annual dividends for over 33 consecutive years. The company focuses on high-quality retail properties under long-term net leases and, as of December 31, 2022, it owned 3,411 properties across 48 states, with a gross leasable area of approximately 35.0 million square feet and a weighted average remaining lease term of 10.4 years.

Positive

• Quarterly dividend declared at 55 cents per share.
• Dividend payment history of 33 consecutive years of increases.
• Ownership of 3,411 properties, enhancing portfolio strength.

Negative

• None.

ORLANDO, Fla., April 14, 2023 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 55 cents per share payable May 15, 2023 to common shareholders of record on April 28, 2023.   NNN is one of only three publicly traded REITs and 78 publicly traded companies in America to have increased annual dividends for 33 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, 2022, the company owned 3,411 properties in 48 states with a gross leasable area of approximately 35.0 million square feet and with a weighted average remaining lease term of 10.4 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 NNN?

National Retail Properties has declared a quarterly dividend of 55 cents per share.

When will the NNN dividend be paid?

The dividend will be paid on May 15, 2023.

What is the record date for the NNN dividend?

The record date for the dividend is April 28, 2023.

How long has NNN been increasing its dividends?

NNN has increased its annual dividends for over 33 consecutive years.

How many properties does NNN own?

As of December 31, 2022, NNN owned 3,411 properties in 48 states.