Site Centers Declares Fourth Quarter 2022 Class A Preferred Share Dividend

Rhea-AI Summary

SITE Centers Corp. (NYSE: SITC) has declared its fourth-quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share. This dividend applies to the period from October 15, 2022 to January 14, 2023, and will be paid on January 17, 2023 to shareholders on record as of December 30, 2022. Each Class A depositary share represents one-twentieth of a share of the company’s 6.375% Class A Cumulative Redeemable Preferred Stock, reflecting the company's commitment to providing income to its stakeholders.

Positive

• Declared a dividend of $0.39844 per depositary share, indicating strong financial health.
• Dividend payment scheduled for January 17, 2023, upholding investor confidence.

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 fourth 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 October 15, 2022 and ending January 14, 2023. The declared Preferred Class A Dividend is payable in cash on January 17, 2023 to shareholders of record at the close of business on December 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/20221201005029/en/

Conor Fennerty, EVP and Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What is the dividend amount for SITC in Q4 2022?

The dividend amount for SITC in Q4 2022 is $0.39844 per depositary share.

When is the SITC preferred stock dividend payment date?

The SITC preferred stock dividend payment date is January 17, 2023.

What is the record date for SITC's dividend?

The record date for SITC's dividend is December 30, 2022.

What period does the SITC Q4 2022 dividend cover?

The SITC Q4 2022 dividend covers the period from October 15, 2022, to January 14, 2023.

How does the SITC dividend compare to previous dividends?

The press release does not provide a comparison to previous dividends.