SITE Centers Declares First Quarter 2022 Class A Preferred Share Dividend

Rhea-AI Summary

SITE Centers Corp. (NYSE: SITC) announced a Preferred Class A stock dividend of $0.39844 per depositary share for Q1 2022. This dividend pertains to the period from January 15, 2022 to April 14, 2022 and will be payable on April 15, 2022. Shareholders of record by March 30, 2022 will receive this dividend. The company continues its operation as a self-managed REIT focused on open-air shopping centers in affluent suburban areas.

Positive

• Declared Preferred Class A dividend of $0.39844 per share, indicating confidence in financial stability.
• Payable to shareholders, demonstrating commitment to returning value to investors.

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 its first quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share.

Each Class A depositary share is equal to one-twentieth of a share of SITE Centers’ 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning January 15, 2022 and ending April 14, 2022. The declared Preferred Class A Dividend is payable in cash on April 15, 2022 to shareholders of record at the close of business on March 30, 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/20220301006002/en/

Conor Fennerty, EVP and

Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What is the SITC dividend amount for Q1 2022?

SITE Centers Corp. declared a dividend of $0.39844 per depositary share for Q1 2022.

When is the SITC dividend payable?

The SITC dividend will be payable on April 15, 2022.

What is the record date for the SITC dividend?

The record date for the SITC dividend is March 30, 2022.

What period does the SITC Q1 2022 dividend cover?

The dividend covers the period from January 15, 2022, to April 14, 2022.