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, payable on June 15, 2022 to holders of record by June 1, 2022. Additionally, dividends on its Preferred Stock were declared, including $0.50 for the 8.00% Series D, $0.478125 for the 7.65% Series G, and $0.46875 for the 7.50% Series I, all payable on the same date. iStar focuses on modernizing ground leases and has conducted over $40 billion in transactions in the last two decades, underpinning its strategy in the $7 trillion commercial real estate market.

Positive

• Declared common dividend of $0.125 per share, payable on June 15, 2022.
• Preferred dividends include $0.50 for Series D, $0.478125 for Series G, and $0.46875 for Series I.

Negative

• None.

NEW YORK, May 13, 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 second quarter of 2022. The dividends are all payable on June 15, 2022 to holders of record on June 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

 

 *    *    * 

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.

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/istar-declares-quarterly-common-dividend-and-preferred-stock-dividends-301546633.html

SOURCE iStar Inc.

FAQ

What is the dividend amount for iStar common stock (STAR) for Q2 2022?

The dividend amount for iStar common stock (STAR) for Q2 2022 is $0.125 per share.

When will iStar pay its dividends?

iStar will pay its dividends on June 15, 2022.

What are the preferred stock dividends declared by iStar for Q2 2022?

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

Who are the holders of record for iStar's dividends?

The holders of record for iStar's dividends must hold shares by June 1, 2022.