CTO Realty Growth Announces Latest Dividends for Investors

CTO Realty Growth Declares Attractive Quarterly Dividends
CTO Realty Growth, Inc. (NYSE: CTO) recently revealed an exciting update regarding its dividend distributions, showcasing its ongoing commitment to delivering value to investors. The Board of Directors has officially authorized a quarterly cash dividend of $0.38 per share of common stock for the upcoming third quarter.
Dividend Yield and Payment Schedule
This impressive cash dividend translates to an annualized yield of approximately 9.3%, calculated based on the closing stock price prior to the announcement. Stockholders can expect to receive their dividends by September 30 for shares held as of September 11, underscoring the company's steadiness in offering returns to its investment community.
Overview of Preferred Stock Dividend
In addition to the common stock dividend, the company announced a quarterly cash dividend of $0.39844 per share for its 6.375% Series A Cumulative Redeemable Preferred Stock. This payment will also be made on September 30 to shareholders recorded by September 11. Such dividends reflect CTO Realty Growth’s strong operational performance and sound financial governance, which are essential for maintaining investor trust.
About CTO Realty Growth, Inc.
CTO Realty Growth is distinguished for its ownership and management of premier, open-air shopping centers strategically located in high-growth regions across the Southeastern and Southwestern United States. The company doesn’t just focus on its own properties; it also holds significant interests in Alpine Income Property Trust, Inc. (NYSE: PINE), expanding its influence and reach within the thriving market.
Commitment to Investor Transparency
The company encourages investors and interested parties to dive deeper into its operations and strategies by reviewing the detailed investor presentation and financial information available on their official website. This type of transparency is vital for maintaining a healthy relationship with shareholders, enabling them to keep track of the company’s progress and strategic direction.
Focus on Future Growth
CTO Realty Growth is committed to navigating the competitive landscape of real estate investment trusts (REITs). Their ability to adapt to changing market conditions is crucial in safeguarding investor interests, especially as economic trends shift.
Frequently Asked Questions
1. What is the amount of the common stock dividend announced?
The common stock dividend announced by CTO Realty Growth is $0.38 per share.
2. When will the quarterly dividends be paid?
The dividends will be paid on September 30, with a record date of September 11.
3. How does the preferred stock dividend compare to the common stock dividend?
The preferred stock dividend is $0.39844 per share, slightly higher than the common stock dividend.
4. Where can I find more information about CTO Realty Growth's performance?
Investors can access detailed information and presentations on the company's official website.
5. What sectors does CTO Realty Growth focus on?
CTO Realty Growth focuses on high-quality, open-air shopping centers primarily located in the Southeastern and Southwestern U.S. markets.
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