COMMON DIVIDEND DECLARED BY NATIONAL RETAIL PROPERTIES, INC.

Rhea-AI Summary

National Retail Properties (NNN) announced a quarterly dividend of 55 cents per share, payable on August 15, 2022, to shareholders of record by July 29, 2022. This marks a 3.8% increase in the dividend, reflecting the company’s 33^rd consecutive annual dividend increase. NNN is among a select group of publicly traded companies with such a consistent track record. CEO Steve Horn highlighted the company’s robust balance sheet and disciplined capital strategy as keys to navigating economic uncertainties.

Positive

• 33 consecutive annual dividend increases.
• Quarterly dividend raised by 3.8% to 55 cents.
• Strong, flexible balance sheet supporting growth.

Negative

• None.

-- Marks 33^rd Consecutive Annual Dividend Increase --

ORLANDO, Fla., July 15, 2022 /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 August 15, 2022 to common shareholders of record on July 29, 2022.   The 3.8% increase in the quarterly dividend marks the 33^rd 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 33 or more consecutive years.

Steve Horn, Chief Executive Officer, commented: "We are pleased to make 2022 our 33^rd consecutive year of annual dividend increases.  Our multi-year approach, disciplined capital deployment, and strong, flexible balance sheet have enabled us to, once again, withstand macroeconomic uncertainty and continue this impressive track record of consistent growth."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2022, the company owned 3,271 properties in 48 states with a gross leasable area of approximately 33.5 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 dividend amount for NNN in 2022?

National Retail Properties declared a dividend of 55 cents per share for the third quarter of 2022.

When is the dividend payable for NNN shareholders?

The dividend will be payable on August 15, 2022, to shareholders of record as of July 29, 2022.

How long has NNN been increasing its dividend?

NNN has increased its dividend for 33 consecutive years.

What factors contributed to NNN's ability to increase dividends?

NNN's disciplined capital deployment and strong balance sheet have enabled consistent dividend growth.