Safehold Declares Second Quarter 2024 Common Stock Dividend

Rhea-AI Summary

Safehold (NYSE: SAFE) announced a common stock dividend of $0.177 per share for Q2 2024. This dividend translates to an annualized rate of $0.708 per share. Payment is scheduled for July 15, 2024, to shareholders recorded by June 28, 2024.

Safehold, a pioneer in the modern ground lease industry since 2017, focuses on enhancing the value of land beneath properties. Targeting diverse property types including multifamily, office, and industrial, Safehold aims to offer safer, higher returns and long-term capital appreciation. The company operates as a real estate investment trust (REIT).

Positive

• Safehold declared a Q2 2024 dividend of $0.177 per share.
• The annualized dividend rate is $0.708 per share.
• Dividend payment scheduled for July 15, 2024.
• Safehold targets a variety of property types, enhancing diversification.
• Safehold operates as a REIT, aiming for stable and growing income.

Negative

• The declared dividend shows no increase over the previous quarter.
• No significant financial data, such as revenue or EPS, provided in the PR.
• Lack of forward-looking statements or guidance for upcoming quarters.

NEW YORK, June 14, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced today that the Company's Board of Directors has declared common stock dividends of $0.177 per share for the second quarter of 2024. The dividend represents an annualized rate of $0.708 per share and is payable on July 15, 2024 to holders of record on June 28, 2024.

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

Company Contact:

Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@safeholdinc.com

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SOURCE Safehold

FAQ

What is the Q2 2024 dividend for Safehold stock?

Safehold declared a Q2 2024 dividend of $0.177 per share.

When will Safehold pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on July 15, 2024.

What is the annualized dividend rate for Safehold in 2024?

The annualized dividend rate for Safehold in 2024 is $0.708 per share.

Who is eligible to receive the Q2 2024 dividend from Safehold?

Shareholders of record on June 28, 2024, are eligible to receive the Q2 2024 dividend.

What types of properties does Safehold target?

Safehold targets multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

What is Safehold's stock symbol?

Safehold's stock symbol is SAFE.