SL Green Realty Declares Monthly Common and Preferred Stock Dividends
SL Green Realty Corp. Announces New Dividends for Shareholders
SL Green Realty Corp. (NYSE:SLG), recognized as Manhattan's largest office landlord, has made a significant announcement regarding its dividend payouts. The company's board of directors has declared a monthly ordinary dividend of $0.25 per share on the common stock. This translates to an annualized dividend of $3.00 per share, showcasing SL Green's commitment to return value to its shareholders.
Details on the Dividend Payments
Shareholders can expect this dividend to be payable in cash on October 15, 2024, with the record date set for September 30, 2024. This structure allows for timely distribution to those invested in SL Green's future growth and prosperity.
Quarterly Preferred Stock Dividend
In addition, SL Green's board has also declared the regular quarterly dividend for its Series I Preferred Stock. For the period spanning from July 15, 2024, to October 14, 2024, the declared dividend is $0.40625 per share, equivalent to an annualized dividend of $1.625 per share. This announcement further solidifies the company's reliability in providing returns to its investors.
About SL Green Realty Corp.
SL Green Realty Corp. operates as a fully integrated real estate investment trust (REIT) with a primary focus on Manhattan commercial properties. As of recent reports, SL Green has interests in 55 buildings across the city, encompassing a total of 31.8 million square feet. It holds ownership stakes in 28.1 million square feet of commercial space while also engaging in securing debt and preferred equity investments amounting to approximately 2.8 million square feet.
Understanding the Company’s Vision
SL Green Realty strives to enhance the value of its properties while maintaining a robust portfolio to navigate the challenges of the real estate market. The company’s proactive management and strategic investments are indicative of its forward-thinking approach. Situated in the heart of one of the world’s most dynamic markets, SL Green is poised to take advantage of growth opportunities that arise within New York City.
Future Growth and Market Strategy
As SL Green Realty continues to evolve, it remains dedicated to adapting its strategy to meet changing market demands. The firm places a high priority on providing high-quality office space that meets tenants' needs while being responsive to market trends. The commitment to enhancing shareholder value is at the core of SL Green’s operational philosophy.
Frequently Asked Questions
What is the amount of the common stock dividend declared by SL Green Realty?
SL Green Realty has announced a monthly dividend of $0.25 per share on its common stock, which amounts to an annualized dividend of $3.00 per share.
When will the dividends be paid?
Both the common stock and preferred stock dividends are scheduled to be paid in cash on October 15, 2024.
What is the record date for the dividend payments?
The record date to receive dividends is September 30, 2024.
How does SL Green Realty Corp. manage its properties?
As a fully integrated REIT, SL Green Realty focuses on acquiring, managing, and maximizing the value of its commercial properties in Manhattan.
How many buildings does SL Green Realty own?
SL Green holds interests in 55 buildings, amounting to a total of 31.8 million square feet in Manhattan.
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