Retail Properties of America, Inc. Announces Second Quarter 2021 Dividend On Common Stock

Rhea-AI Summary

Retail Properties of America (NYSE: RPAI) has announced a dividend increase for its Class A common stock from $0.07 to $0.075 per share for the second quarter of 2021. The dividend will be paid on July 9, 2021, to shareholders on record as of June 25, 2021. As of March 31, 2021, RPAI owned 102 retail operating properties across the U.S., totaling 19.9 million square feet. This reflects the company's commitment to returning value to its shareholders amidst its ongoing operations in the real estate market.

Positive

• Dividend increased from $0.07 to $0.075 per share for Q2 2021.
• Payment date set for July 9, 2021, indicating strong shareholder returns.

Negative

• None.

OAK BROOK, Ill., May 27, 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 second quarter of 2021 of $0.075 per share, up from the $0.07 per share declared for the first quarter of 2021. The dividend of $0.075 per share will be paid on July 9, 2021, to Class A common stockholders of record on June 25, 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 March 31, 2021, the Company owned 102 retail operating properties in the United States representing 19.9 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 declared by RPAI for Q2 2021?

RPAI declared a dividend of $0.075 per share for the second quarter of 2021.

When will RPAI pay its second quarter dividend?

The dividend will be paid on July 9, 2021.

What was the previous dividend amount before the increase?

The previous dividend amount was $0.07 per share for the first quarter of 2021.

What is the record date for RPAI's second quarter dividend?

The record date for the dividend is June 25, 2021.