Retail Properties of America, Inc. Announces First Quarter 2021 Dividend on Common Stock

Rhea-AI Summary

Retail Properties of America, Inc. (NYSE: RPAI) has declared a first-quarter 2021 dividend of $0.07 per Class A common share, an increase from $0.06 in the fourth quarter of 2020. The dividend is set to be paid on April 9, 2021, to stockholders of record as of March 26, 2021. The company operates 102 retail properties across the United States, managing approximately 20.0 million square feet of retail space. The dividend increase reflects the company's commitment to returning value to shareholders.

Positive

• Dividend increased from $0.06 to $0.07 per share.
• Dividend payment scheduled for April 9, 2021.
• Strong property portfolio of 102 retail properties.

Negative

• None.

OAK BROOK, Ill., March 15, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE:  RPAI) (the "Company") today announced that its board of directors declared a dividend for the Company's outstanding Class A common stock for the first quarter of 2021 of $0.07 per common share, up from the $0.06 per common share declared for the fourth quarter of 2020. The dividend of $0.07 per common share will be paid on April 9, 2021, to Class A common stockholders of record on March 26, 2021.

ABOUT RPAI
Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.

Contact Information
Michael Gaiden
Senior Vice President – Finance
Retail Properties of America, Inc.       
(630) 634-4233

 

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SOURCE Retail Properties of America, Inc.

FAQ

What is the dividend amount announced by RPAI for Q1 2021?

The dividend amount announced by RPAI for Q1 2021 is $0.07 per share.

When will RPAI pay the Q1 2021 dividend?

RPAI will pay the Q1 2021 dividend on April 9, 2021.

What was the previous dividend amount for RPAI before the increase?

The previous dividend amount for RPAI before the increase was $0.06 per share.

What is the record date for RPAI's Q1 2021 dividend?

The record date for RPAI's Q1 2021 dividend is March 26, 2021.