SITE Centers Announces 8% Increase in Common Stock Dividend

Rhea-AI Summary

SITE Centers Corp. (NYSE: SITC) has declared a first quarter 2022 dividend of $0.13 per share, reflecting an 8% increase from the previous quarter's dividend. This dividend is set to be payable on April 7, 2022, to shareholders of record by the close of business on March 17, 2022.

SITE Centers is renowned for owning and managing open-air shopping centers in affluent suburban areas and operates as a fully integrated real estate investment trust (REIT).

Positive

• Dividend increased by 8%, indicating company confidence and potential income boost for shareholders.
• Dividend payment scheduled for April 7, 2022, supports investor sentiment.

Negative

• None.

BEACHWOOD, Ohio--(BUSINESS WIRE)-- SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a first quarter 2022 dividend on its common stock of $0.13 per share which represents an 8% increase from the fourth quarter 2021 dividend. The dividend is payable on April 7, 2022 to shareholders of record at the close of business on March 17, 2022.

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220210005912/en/

Conor Fennerty, EVP and Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What is the dividend amount declared by SITE Centers Corp. for Q1 2022?

SITE Centers Corp. declared a dividend of $0.13 per share for the first quarter of 2022.

When will SITE Centers Corp. pay the dividend?

The dividend will be payable on April 7, 2022.

What is the record date for the dividend payment by SITE Centers Corp.?

The record date for the dividend is March 17, 2022.

How much did SITE Centers Corp. increase its dividend by from Q4 2021?

The dividend was increased by 8% from the fourth quarter of 2021.