National Retail Declares Preferred Dividend

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Real estate investment trust National Retail Properties  yesterday declared a second-quarter dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock, payable on June 14 to stockholders of record on May 31.

The board of directors said it will pay a dividend of $0.4140625 per preferred share.

Based on the first-quarter dividend of $0.395 for each share of common stock, which was announced in April, the dividend for non-preferred shares annualizes to $1.58 per share. That yields 3.8% at National Retail Properties' most recent closing price on May 15.

The article National Retail Declares Preferred Dividend originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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