Safehold Inc. Announces Exciting Dividend for Third Quarter
Safehold Inc. Announces Dividend Declaration for Third Quarter 2024
Safehold Inc. (NYSE: SAFE) has recently made a significant announcement regarding its common stock dividends. The Board of Directors has declared a dividend of $0.177 per share for the third quarter of 2024. This declaration reflects the company's commitment to delivering value to its shareholders and maintaining a steady income stream.
Understanding the Dividend Details
This dividend represents an annualized rate of $0.708 per share. For shareholders holding shares by the end of the month, this dividend will be payable on a specified date, ensuring investors can plan accordingly. Safehold's focus on providing reliable dividends illustrates its solid position in the market.
Historical Context of Safehold's Dividends
Safehold Inc. has crafted a reputation for offering consistent dividends since its inception. This commitment not only enhances investor confidence but also highlights the company's ongoing growth and stability in the real estate sector. Announcing this third quarter dividend is a testament to Safehold's financial performance and operational excellence.
About Safehold Inc.
Safehold Inc. (NYSE: SAFE) is reshaping the conventional approach to real estate ownership. Since founding the modern ground lease industry in 2017, Safehold has paved a new way for property owners to tap into the value of the land under their buildings. The company's innovative strategies are designed to help owners from various sectors—including multifamily, office, industrial, hospitality, and mixed-use—maximize returns with reduced risks.
Safehold's Business Operations and Strategy
As a company structured as a real estate investment trust (REIT), Safehold aims to provide investors with safe and growing income along with long-term capital appreciation. The diverse portfolio of properties managed by Safehold guarantees a steady revenue stream, allowing it to deliver on its promise to shareholders. The strategic focus on high-quality assets facilitates better financial outcomes and positions the company as a leader in the industry.
Company Contact Information
For further inquiries or detailed financial information, investors and interested parties can reach out to Safehold’s Senior Vice President, Pearse Hoffmann, who oversees Capital Markets and Investor Relations. The company is dedicated to maintaining transparent communication with its investors and providing them with the information they need.
Frequently Asked Questions
What is the amount of the newly declared dividend?
The newly declared dividend is $0.177 per share for the third quarter of 2024.
When will the dividend be payable?
The dividend will be payable on October 15, 2024, to shareholders on record as of September 30, 2024.
How does Safehold define its business strategy?
Safehold focuses on revolutionizing real estate ownership through modern ground leases, enabling property owners to unlock land value while ensuring stable returns.
What sectors does Safehold operate in?
Safehold operates across various sectors including multifamily, office, industrial, hospitality, student housing, and life sciences.
Who can I contact for more information regarding investments?
For more information, you can contact Pearse Hoffmann, Senior Vice President of Capital Markets and Investor Relations at Safehold Inc.
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