CTO Realty Growth Declares Dividends for the Third Quarter
CTO Realty Growth, Inc. (NYSE: CTO) announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2024. This dividend represents an annualized yield of approximately 7.9% based on the closing price of the Company’s common stock.
Details of the Common Stock Cash Dividend
The Common Stock Cash Dividend is payable on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024. The ex-dividend date is also September 12, 2024.
Preferred Stock Dividend Announcement
The Board of Directors has also declared a quarterly cash dividend of $0.39844 per share of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock for the third quarter of 2024. This dividend will be paid on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024.
About CTO Realty Growth, Inc.
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets. Additionally, CTO externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.
Contact Information
For further information, please contact:
Philip R. Mays
Senior Vice President, Chief Financial Officer & Treasurer
(407) 904-3324
Email: pmays@ctoreit.com
Frequently Asked Questions
What is the dividend amount declared for common stock?
The common stock cash dividend declared is $0.38 per share.
When will the dividends be payable?
The dividends will be payable on September 30, 2024.
What is the annualized yield for the common stock dividend?
The annualized yield for the common stock dividend is approximately 7.9% based on the closing price.
Who can receive the dividends?
Stockholders of record as of the close of business on September 12, 2024, will receive the dividends.
What is CTO Realty Growth, Inc.?
CTO Realty Growth, Inc. is a real estate investment trust that focuses on a portfolio of retail-based properties and manages Alpine Income Property Trust, Inc.
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