iStar Declares Quarterly Common Dividend and Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) announced quarterly dividends for the third quarter of 2020, payable on September 15, 2020. The Common Stock dividend is set at $0.11 per share, while the 8.00% Series D Preferred Stock will receive $0.50, the 7.65% Series G Preferred Stock $0.478125, and the 7.50% Series I Preferred Stock $0.46875. Holders of record before September 1, 2020 are eligible. iStar aims to innovate the ground lease sector, having executed over $40 billion in transactions over the past two decades.

Positive

• Common Stock dividend of $0.11 per share.
• Preferred dividends demonstrate financial stability and commitment to shareholders.

Negative

• None.

NEW YORK, Aug. 5, 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 third quarter of 2020. The dividends are all payable on September 15, 2020 to holders of record on September 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 per share for iStar's Common Stock (STAR) for Q3 2020?

The dividend per share for iStar's Common Stock (STAR) for Q3 2020 is $0.11.

When will the dividends for iStar Inc. be paid?

The dividends will be paid on September 15, 2020.

What are the dividend amounts for iStar's preferred stocks for Q3 2020?

The dividends for iStar's preferred stocks are $0.50 for Series D, $0.478125 for Series G, and $0.46875 for Series I.

What is the record date for iStar's dividends for Q3 2020?

The record date for iStar's dividends for Q3 2020 is September 1, 2020.