iStar Declares Quarterly Common Dividend and Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) announced a quarterly dividend for Q1 2021, declaring $0.11 per share for common stock and $0.50, $0.478125, and $0.46875 for its preferred shares, payable on March 15, 2021, to shareholders of record as of March 1, 2021. iStar focuses on modernizing ground leases, unlocking value for real estate owners. It is also the largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company specifically targeting modern ground leases.

Positive

• Declared quarterly common dividend of $0.11 per share.
• Declared preferred stock dividends: $0.50 for Series D, $0.478125 for Series G, and $0.46875 for Series I.
• Focus on innovative ground lease strategies may enhance long-term growth.

Negative

• None.

NEW YORK, Feb. 19, 2021 /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 first quarter of 2021. The dividends are all payable on March 15, 2021 to holders of record on March 1, 2021.

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 declared by iStar (STAR) for Q1 2021?

iStar declared a dividend of $0.11 per share for common stock for Q1 2021.

When will the dividends for iStar (STAR) be paid?

The dividends will be paid on March 15, 2021.

What are the preferred stock dividends declared by iStar (STAR)?

The preferred stock dividends are $0.50 for Series D, $0.478125 for Series G, and $0.46875 for Series I.

When is the record date for iStar's (STAR) dividends?

The record date for the dividends is March 1, 2021.