CTO Realty Growth Declares Fourth Quarter Dividends
CTO Realty Growth, Inc. (NYSE: CTO), a key player in the real estate sector, has recently declared a quarterly cash dividend of $0.38 per share for its common stock aimed at rewarding its shareholders. This announcement reflects the company's commitment to delivering value to its investors and marks the dividends for the fourth quarter of the fiscal year.
Details of the Dividend Declaration
The board's decision includes an annualized yield of roughly 7.8%, calculated based on the latest closing share price. This strategic move by CTO Realty not only showcases its strong financial management but also emphasizes its consistent performance in the real estate market.
Payment and Record Dates
Stockholders will receive their dividends on December 31, 2024, provided they hold shares as of the close of business on December 12, 2024. This well-structured timeline helps ensure that shareholders are well-informed about when they can expect to receive their earnings.
Preferred Stock Dividends Also Declared
Additionally, CTO Realty Growth has declared a dividend of $0.39844 per share for its 6.375% Series A Cumulative Redeemable Preferred Stock. Similarly, this dividend will also be paid out on December 31, 2024, to those listed as shareholders on December 12, 2024.
About CTO Realty Growth, Inc.
CTO Realty Growth specializes in owning and managing high-quality, open-air shopping centers primarily located in the thriving Southeast and Southwest regions of the United States. Its robust strategy to focus on these dynamic markets emphasizes its growth potential and adaptability in a competitive landscape. CTO Realty also manages and maintains a significant stake in Alpine Income Property Trust, Inc. (NYSE: PINE).
Commitment to Shareholder Value
The declared dividends reflect CTO Realty Growth’s ongoing strategy to generate attractive returns for its shareholders. This commitment to providing consistent dividends is indicative of the firm’s healthy financial position and ability to navigate market challenges effectively.
Investor Information and Resources
For those interested in diving deeper into CTO Realty Growth’s financials and performance metrics, the company offers detailed information through its investor presentations and supplemental financial resources available on its website. Stakeholders are encouraged to stay informed to better understand the company's strategic direction and growth opportunities.
Frequently Asked Questions
What is the declared dividend amount for CTO Realty Growth's common stock?
The declared dividend amount for the common stock is $0.38 per share for the fourth quarter of 2024.
When will the dividends be payable to shareholders?
The dividends will be payable on December 31, 2024.
What is the yield based on the recent stock price?
The annualized yield based on the latest closing price is approximately 7.8%.
Are there dividends declared for preferred stock as well?
Yes, a dividend of $0.39844 per share for the 6.375% Series A Cumulative Redeemable Preferred Stock has also been declared.
Where can I find more information about CTO Realty Growth?
More information can be viewed in the company's latest investor presentations and financial reports available on their website.
