National Retail Raises Dividend 2.5%
Retail property REIT National Retail Propertiesannounced yesterday its second-quarter dividend of $0.405 per share, a 2.5% increase from the payout made last quarter of $0.395 per share.
The board of directors said the quarterly dividend is payable on Aug. 15 to the holders of record at the close of business on July 31. The REIT has increased the quarterly payouts to investors since for 24 consecutive years, one of only four publicly traded REITs and 102 publicly traded companies in the U.S. that has increased its annual dividends for 24 or more consecutive years.
The regular dividend payment equates to a $1.62-per-share annual dividend, yielding 4.3% based on the closing price of National Retail Properties' stock on July 15.
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