SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends

Rhea-AI Summary

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced on June 17, 2024, that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, amounting to an annualized dividend of $3.00 per share. The dividend is payable in cash on July 15, 2024, to shareholders of record as of June 28, 2024.

Additionally, the board declared a regular quarterly dividend of $0.40625 per share on the company's Series I Preferred Stock for the period from April 15, 2024, through July 14, 2024. This represents an annualized dividend of $1.625 per share, also payable in cash on July 15, 2024, to shareholders of record at the close of business on June 28, 2024.

Positive

• Declaration of a monthly ordinary dividend of $0.25 per share of common stock, equating to an annualized dividend of $3.00 per share.
• Regular quarterly dividend of $0.40625 per share on the Series I Preferred Stock, representing an annualized dividend of $1.625 per share.
• Both dividends are payable in cash on July 15, 2024.
• Shareholders of record as of June 28, 2024, will receive the declared dividends.

Negative

• None.

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, which is the equivalent of an annualized dividend of $3.00 per share. The dividend is payable in cash on July 15, 2024 to shareholders of record at the close of business on June 28, 2024.

The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2024 through July 14, 2024 of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend is payable in cash on July 15, 2024 to shareholders of record at the close of business on June 28, 2024.

About SL Green Realty Corp.

SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2024, SL Green held interests in 57 buildings totaling 32.4 million square feet. This included ownership interests in 28.7 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

SLG – DIV

PRESS CONTACT
slgreen@berlinrosen.com 

FAQ

What is the dividend declared by SL Green Realty Corp. for common stock in June 2024?

SL Green Realty Corp. declared a monthly ordinary dividend of $0.25 per share of common stock, which is equivalent to an annualized dividend of $3.00 per share.

When is the dividend payout date for SL Green Realty Corp.'s common stock in July 2024?

The dividend payout date for SL Green Realty Corp.'s common stock is July 15, 2024.

Who is eligible to receive SL Green Realty Corp.'s declared dividend on common stock in 2024?

Shareholders of record at the close of business on June 28, 2024, are eligible to receive the declared dividend.

What is the quarterly dividend declared for SL Green Realty Corp.'s Series I Preferred Stock in June 2024?

SL Green Realty Corp. declared a regular quarterly dividend of $0.40625 per share on the Series I Preferred Stock, equivalent to an annualized dividend of $1.625 per share.

When will SL Green Realty Corp. pay the declared dividend on Series I Preferred Stock in July 2024?

The declared dividend on Series I Preferred Stock will be paid on July 15, 2024.