The Necessity Retail REIT Announces Common Stock Dividend for First Quarter 2023

Rhea-AI Summary

The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPO/ RTLPP) announced it will pay a quarterly dividend of $0.2125 per share on January 17, 2023, to shareholders recorded by January 13, 2023. This dividend reflects an annualized rate of $0.85 per share, continuing its commitment to returning value to investors. Payments will occur on the 15th of the month following each fiscal quarter’s end. The company remains focused on managing a portfolio of retail and distribution properties across the U.S.

Positive

• Announced quarterly dividend of $0.2125 per share, translating to an annualized rate of $0.85.
• Dividend reflects commitment to shareholder returns.

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• None.

NEW YORK, Jan. 3, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.85 per share or $0.2125 per share on a quarterly basis. RTL anticipates paying dividends authorized by its board of directors on its shares of Class A common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (or, if not a business day, the next succeeding business day) to Class A common stock holders of record on the record date for such payment.

Accordingly, RTL declared a dividend of $0.2125 per share of Class A common stock payable on January 17, 2023 to common stock holders of record at the close of business on January 13, 2023.

About The Necessity Retail REIT Where America Shops

The Necessity Retail REIT, Inc. (Nasdaq: RTL) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. Additional information about RTL can be found on its website at www.necessityretailreit.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of RTL's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the potential adverse effects of (i) the ongoing COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on RTL, RTL's tenants and the global economy and financial markets, and (b) that any potential future acquisition is subject to market conditions and capital availability and may not be completed on favorable terms, or at all, as well as those risks and uncertainties set forth in the Risk Factors section of RTL's Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022, and all other filings with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated from time to time in RTL's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and RTL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required to do so by law.

Contacts:
Investor Relations
ir@rtlreit.com
(866) 902-0063

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SOURCE The Necessity Retail REIT, Inc.

FAQ

What are the dividend details for RTL for the first quarter of 2023?

The Necessity Retail REIT announced a dividend of $0.2125 per share, payable on January 17, 2023.

When will the next dividend be paid for RTL?

The next dividend will be paid on January 17, 2023, to shareholders recorded on January 13, 2023.

What is the annualized dividend rate for RTL?

The annualized dividend rate for RTL is $0.85 per share.

How often does RTL pay dividends?

RTL pays dividends quarterly, authorized by its board of directors.

What is the significance of the dividend announcement for RTL investors?

The dividend announcement indicates RTL's commitment to returning value to its shareholders.