SITE Centers Declares Second Quarter 2022 Class A Preferred Share Dividend

Rhea-AI Summary

SITE Centers Corp. (NYSE: SITC) has declared a second quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share, effective for the period from April 15, 2022 to July 14, 2022. This dividend is payable on July 15, 2022, to shareholders of record as of June 29, 2022. The preferred shares represent one-twentieth of a share of SITE Centers’ 6.375% Class A Cumulative Redeemable Preferred Stock, signaling the company's commitment to returning value to its investors.

Positive

• Declaration of a dividend of $0.39844 per depositary share, providing income to shareholders.
• Confidence in business performance as reflected by the dividend issuance.

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 second 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 April 15, 2022 and ending July 14, 2022. The declared Preferred Class A Dividend is payable in cash on July 15, 2022 to shareholders of record at the close of business on June 29, 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/20220601005919/en/

Conor Fennerty, EVP and

Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What is the amount of the SITC dividend for Q2 2022?

The dividend amount for Q2 2022 is $0.39844 per depositary share.

When is the SITC dividend payable?

The SITC dividend is payable on July 15, 2022.

What is the record date for the SITC dividend?

The record date for the SITC dividend is June 29, 2022.

What period does the SITC Q2 2022 dividend cover?

The SITC Q2 2022 dividend covers the period from April 15, 2022, to July 14, 2022.