iStar Declares Quarterly Common Dividend and Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) has declared quarterly dividends for Q3 2022, payable on September 15, 2022. The dividends include $0.125 per share for common stock and varying amounts for three series of preferred stock:

• 8.00% Series D: $0.50
• 7.65% Series G: $0.478125
• 7.50% Series I: $0.46875

Record date for dividends is September 1, 2022. iStar focuses on transforming the ground lease sector and has completed over $40 billion in transactions.

Positive

• Declared quarterly dividend of $0.125 per share for common stock.
• Dividend of $0.50 per share for 8.00% Series D Preferred Stock.
• Dividend of $0.478125 per share for 7.65% Series G Preferred Stock.
• Dividend of $0.46875 per share for 7.50% Series I Preferred Stock.
• Strong history with over $40 billion in transactions.

Negative

• None.

NEW YORK, Aug. 17, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Common Stock and Preferred Stock for the third quarter of 2022. The dividends are all payable on September 15, 2022 to holders of record on September 1, 2022.

Series of Stock	Liquidation Preference	Dividend Per Share
Common Stock (STAR)	N/A	$0.125
8.00% Series D Preferred Stock	$25.00	$0.50
7.65% Series G Preferred Stock	$25.00	$0.478125
7.50% Series I Preferred Stock	$25.00	$0.46875

*              *              *

 

iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/istar-declares-quarterly-common-dividend-and-preferred-stock-dividends-301608061.html

SOURCE iStar Inc.

FAQ

What is the dividend amount declared by iStar for common stock in Q3 2022?

The dividend amount for iStar's common stock is $0.125 per share.

When will the dividends be paid for iStar's common and preferred stocks?

The dividends will be paid on September 15, 2022.

What is the record date for iStar's Q3 2022 dividends?

The record date for the dividends is September 1, 2022.

What dividends were declared for the preferred stock series by iStar?

The dividends declared for preferred stocks are: $0.50 for 8.00% Series D, $0.478125 for 7.65% Series G, and $0.46875 for 7.50% Series I.

How has iStar performed in terms of transactions?

iStar has completed over $40 billion in transactions over the past two decades.