CTO Realty Growth Announces Third Quarter Dividends
CTO Realty Growth, Inc. (NYSE: CTO) has announced that its Board of Directors has approved a quarterly cash dividend of $0.38 per share for common stock for the third quarter of 2024. This dividend corresponds to an annualized yield of about 7.9%, calculated based on the closing price of the Company’s common stock.
Details on the Common Stock Cash Dividend
The cash dividend for common stock will be paid on September 30, 2024, to stockholders who are on record as of the close of business on September 12, 2024. The ex-dividend date is also set for September 12, 2024.
Announcement of Preferred Stock Dividend
In addition, the Board of Directors has declared a quarterly cash dividend of $0.39844 per share for the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock for the third quarter of 2024. This dividend will also 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 (REIT) that owns and manages a portfolio of high-quality retail properties, primarily located in markets with strong growth potential. Moreover, CTO externally manages and holds a significant interest in Alpine Income Property Trust, Inc. (NYSE: PINE), which is also a publicly traded net lease REIT.
Contact Information
If you need more information, please reach out to:
Philip R. Mays
Senior Vice President, Chief Financial Officer & Treasurer
(407) 904-3324
Email: pmays@ctoreit.com
Frequently Asked Questions
What is the declared dividend amount for common stock?
The declared cash dividend for common stock is $0.38 per share.
When will the dividends be distributed?
The dividends are set to be distributed 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 stock price.
Who is eligible to receive the dividends?
Dividends will be paid to stockholders of record as of the close of business on September 12, 2024.
What does CTO Realty Growth, Inc. do?
CTO Realty Growth, Inc. is a real estate investment trust that specializes in a portfolio of retail properties and also manages Alpine Income Property Trust, Inc.