Common Dividend Declared By National Retail Properties, Inc.
The Board of Directors of National Retail Properties, Inc. (NYSE: NNN) declared a quarterly dividend of 52 cents per share, payable on February 16, 2021, to shareholders recorded on January 29, 2021. NNN has a strong dividend history, being one of only three publicly traded REITs to have increased annual dividends for over 31 consecutive years. As of September 30, 2020, the company owned 3,114 properties across 48 states, covering approximately 32.4 million square feet with a weighted average lease term of 10.7 years.
- Declaring a quarterly dividend of 52 cents per share demonstrates financial stability.
- NNN's consistent dividend increase highlights its commitment to returning value to shareholders.
- None.
ORLANDO, Fla., Jan. 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 February 16, 2021 to common shareholders of record on January 29, 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 September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 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.
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