SITE Centers Declares First Quarter 2023 Class A Preferred Share Dividend

Rhea-AI Summary

SITE Centers Corp. (NYSE: SITC) has declared its first quarter 2023 Preferred Class A stock dividend of $0.39844 per depositary share. This dividend pertains to the period from January 15, 2023 to April 14, 2023 and is payable on April 17, 2023 to shareholders of record as of March 30, 2023. Each Class A depositary share represents one-twentieth of a share of the company’s 6.375% Class A Cumulative Redeemable Preferred Stock. SITE Centers focuses on managing open-air shopping centers in affluent suburban areas.

Positive

• Dividend of $0.39844 per depositary share announced, reflecting strong cash flow.
• Continuous commitment to shareholder returns through preferred stock dividends.

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 2023 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, 2023 and ending April 14, 2023. The declared Preferred Class A Dividend is payable in cash on April 17, 2023 to shareholders of record at the close of business on March 30, 2023.

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/20230301005756/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 2023?

The declared dividend amount for Q1 2023 is $0.39844 per depositary share.

When is the dividend payable for the Q1 2023 preferred stock?

The dividend is payable on April 17, 2023.

What are the record dates for the dividend from SITE Centers Corp.?

Shareholders of record must hold shares by March 30, 2023.

How often does SITE Centers Corp. declare dividends?

SITE Centers typically declares dividends quarterly.

What is the significance of the preferred stock dividend for SITC shareholders?

The preferred stock dividend reflects the company's commitment to returning income to shareholders.