iStar Declares Quarterly Common Dividend and Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) announced the declaration of its quarterly dividends for the fourth quarter of 2021. The dividends are scheduled for payment on December 15, 2021, to stockholders on record as of December 1, 2021. Common Stock dividends stand at $0.125 per share, while the preferred stock dividends include $0.50 for Series D and $0.478125 for Series G, each with a liquidation preference of $25.00. This reflects iStar's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly common stock dividend of $0.125 per share demonstrates confidence in shareholder returns.
• Preferred stock dividends of $0.50, $0.478125, and $0.46875 enhance income for shareholders.

Negative

• None.

NEW YORK, Nov. 15, 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 fourth quarter of 2021. The dividends are all payable on December 15, 2021 to holders of record on December 1, 2021.

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's Common Stock (STAR) in Q4 2021?

The dividend amount for iStar's Common Stock (STAR) in Q4 2021 is $0.125 per share.

When will iStar pay its dividends for the fourth quarter of 2021?

iStar will pay its dividends on December 15, 2021.

What are the dividend details for iStar's Preferred Stock in Q4 2021?

In Q4 2021, iStar's Preferred Stock dividends 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 Q4 2021 dividends?

The record date for iStar's Q4 2021 dividends is December 1, 2021.