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, has announced its latest dividend declarations. The company's board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, equivalent to an annualized dividend of $3.00 per share. This dividend will be paid in cash on October 15, 2024, to shareholders of record as of September 30, 2024.

Additionally, the board declared a quarterly dividend on the Series I Preferred Stock of $0.40625 per share, equivalent to an annualized dividend of $1.625 per share. This preferred stock dividend covers the period from July 15, 2024, through October 14, 2024, and will also be paid on October 15, 2024, to shareholders of record as of September 30, 2024.

Positive

• Consistent dividend payments for both common and preferred stockholders
• Annualized dividend of $3.00 per share for common stock
• Quarterly dividend of $0.40625 per share for Series I Preferred Stock

Negative

• None.

NEW YORK, Sept. 19, 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 October 15, 2024 to shareholders of record at the close of business on September 30, 2024.

The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period July 15, 2024 through October 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 October 15, 2024 to shareholders of record at the close of business on September 30, 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 June 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

Forward Looking Statement

This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

PRESS CONTACT
slgreen@berlinrosen.com

SLG – DIV

FAQ

What is the monthly dividend amount for SLG common stock?

SL Green Realty Corp (SLG) has declared a monthly ordinary dividend of $0.25 per share of common stock.

When is the next dividend payment date for SLG?

The next dividend payment date for both common and preferred stock of SL Green Realty Corp (SLG) is October 15, 2024.

What is the annualized dividend for SLG's common stock?

The annualized dividend for SL Green Realty Corp's (SLG) common stock is $3.00 per share.

What is the quarterly dividend for SLG's Series I Preferred Stock?

SL Green Realty Corp (SLG) has declared a quarterly dividend of $0.40625 per share for its Series I Preferred Stock.