Common Dividend Declared By National Retail Properties, Inc.

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The Board of Directors of National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 52 cents per share, payable on August 14, 2020, to shareholders on record as of July 31, 2020. This marks the 31st consecutive annual dividend increase, positioning NNN as one of only three publicly traded REITs and 86 companies in the U.S. with such a record. CEO Jay Whitehurst highlighted this achievement as indicative of the company's effective long-term strategy in investing in high-quality retail properties across 48 states.

Positive

• Declared a quarterly dividend of 52 cents per share.
• 31st consecutive annual dividend increase.
• Demonstrates the company's strong long-term strategy and stability.

Negative

• None.

ORLANDO, Fla., July 15, 2020 /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 August 14, 2020 to common shareholders of record on July 31, 2020. The increase in the quarterly dividend marks the 31^st 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 31 or more consecutive years.

Jay Whitehurst, Chief Executive Officer, commented: "National Retail Properties is pleased to make 2020 our 31^st consecutive year with an annual dividend increase. This impressive streak is a powerful indicator of the value of our consistent, long-term strategy and business model."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2020, the company owned 3,125 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 11.1 years. For more information on the company, visit www.nnnreit.com.

 

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SOURCE National Retail Properties, Inc.

FAQ

When is the next dividend payment for NNN?

The next dividend payment for NNN is scheduled for August 14, 2020.

What is the dividend amount declared by National Retail Properties?

National Retail Properties declared a dividend of 52 cents per share.

How long has NNN been increasing its dividends?

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

What is the significance of NNN's 31st consecutive dividend increase?

It highlights NNN's commitment to returning value to shareholders and reflects its long-term business strategy.

When is the record date for the NNN dividend?

The record date for the NNN dividend is July 31, 2020.