iStar Declares Quarterly Common Dividend and Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) announced its fourth-quarter dividends for 2020, declaring $0.11 per share for Common Stock and varying amounts for its Preferred Stocks. The dividends are payable on December 15, 2020, to stockholders on record by December 1, 2020. The Preferred Stock dividends include $0.50 for 8.00% Series D, $0.478125 for 7.65% Series G, and $0.46875 for 7.50% Series I. iStar continues to innovate in the real estate sector, focusing on modern ground leases, and has completed over $40 billion in transactions over two decades.

Positive

• $0.11 dividend per share for Common Stock, indicating strong cash flow.
• Consistent dividend payments for Preferred Stocks, showcasing financial stability.
• Company's strategic focus on modern ground leases unlocking value in real estate.

Negative

• None.

NEW YORK, Nov. 16, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Common Stock and Preferred Stock for the fourth quarter of 2020. The dividends are all payable on December 15, 2020 to holders of record on December 1, 2020.

Series of Stock	Liquidation Preference	Dividend Per Share
Common Stock (STAR)	N/A	$0.11
8.00% Series D Preferred Stock	$25.00	$0.50
7.65% Series G Preferred Stock	$25.00	$0.478125
7.50% Series I Preferred Stock	$25.00	$0.46875

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iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.

 

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SOURCE iStar Inc.

FAQ

What is the dividend amount for iStar's Common Stock (STAR) in Q4 2020?

The dividend amount for iStar's Common Stock (STAR) in Q4 2020 is $0.11 per share.

When is the dividend payment date for iStar Inc. in December 2020?

The dividend payment date for iStar Inc. is December 15, 2020.

What are the dividends declared for iStar's Preferred Stocks in Q4 2020?

The dividends declared for Preferred Stocks are $0.50 for 8.00% Series D, $0.478125 for 7.65% Series G, and $0.46875 for 7.50% Series I.

How does iStar Inc. contribute to the ground lease sector?

iStar Inc. focuses on reinventing the ground lease sector, providing modern and efficient ground leases for real estate owners.

What is the total transaction volume completed by iStar Inc. over two decades?

iStar Inc. has completed over $40 billion in transactions over the past two decades.