iStar Declares Quarterly Common Dividend and Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) announced a quarterly dividend of $0.125 per share on its Common Stock and $0.50 on the 8.00% Series D Preferred Stock, $0.478125 on the 7.65% Series G Preferred Stock, and $0.46875 on the 7.50% Series I Preferred Stock. All dividends are payable on March 15, 2022, to shareholders of record by March 1, 2022. iStar is a leader in the ground lease sector, capitalizing on a $7 trillion market, having completed over $40 billion in transactions. This reinforces the company's commitment to shareholder returns while expanding its market footprint.

Positive

• Declared quarterly dividend of $0.125 for Common Stock, supporting income for shareholders.
• Preferred dividends of $0.50, $0.478125, and $0.46875 for Series D, G, and I stocks, respectively, reflecting solid returns.

Negative

• None.

NEW YORK, Feb. 18, 2022 /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 2022. The dividends are all payable on March 15, 2022 to holders of record on March 1, 2022.

Series of Stock	Liquidation Preference	Dividend Per Share
Common Stock (STAR)	N/A	$0.125
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 institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. 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 Inc. (NYSE: STAR) for Q1 2022?

The dividend amount for iStar Inc. is $0.125 per share for Common Stock.

When will iStar Inc. pay its dividends to shareholders?

iStar Inc. will pay its dividends on March 15, 2022, to shareholders of record by March 1, 2022.

What are the preferred stock dividends declared by iStar Inc.?

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

How does iStar Inc. plan to sustain its dividend payments?

iStar Inc. focuses on expanding its business in the ground lease sector, capitalizing on a $7 trillion market to ensure sustainable dividend payments.