SL Green to Increase Common Dividend for Eighth Consecutive Year
30 November 2018 - 8:42AM
Business Wire
Annual Dividend Will Increase to $3.40 per
Share
SL Green Realty Corp. (NYSE:SLG), New York City’s largest
commercial property owner, today reported that its board of
directors has increased the Company’s quarterly dividend by 4.6
percent, to $0.85 per share on its common stock and OP units,
resulting in a new annual dividend of $3.40 per share. The fourth
quarter dividend is payable on January 15, 2019 to shareholders of
record at the close of business on January 2, 2019.
“SL Green continues to reward shareholders with an attractive
dividend increase for the eighth consecutive year,” said Matt
DiLiberto, Chief Financial Officer at SL Green. “We remain
well-positioned with ample liquidity for capital projects and
select investment opportunities.”
The board of directors also declared the regular quarterly
dividend on the company’s Series I Preferred Stock for the period
October 15, 2018 through and including January 14, 2019, of
$0.40625 per share, which is the equivalent of an annualized
dividend of $1.625 per share. The dividend will be payable January
15, 2019 to shareholders of record at the close of business on
January 2, 2019.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York
City's largest office landlord, is a fully integrated real
estate investment trust, or REIT, that is focused primarily on
acquiring, managing and maximizing value
of Manhattan commercial properties. As of September 30,
2018, SL Green held interests in 106 Manhattan buildings totaling
46.4 million square feet. This included ownership interests in 28.2
million square feet of Manhattan buildings and 18.2 million square
feet of buildings securing debt and preferred equity investments.
In addition, SL Green held ownership interests in 15 suburban
buildings totaling 2.3 million square feet in Brooklyn, Westchester
County, and Connecticut.
Forward-looking Statement
This press release includes certain statements that may be
deemed to be "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and are intended
to be covered by the safe harbor provisions thereof. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that we expect, believe or anticipate will or may occur in the
future, are forward-looking statements. Forward-looking statements
are not guarantees of future performance and we caution you not to
place undue reliance on such statements. Forward-looking statements
are generally identifiable by the use of the words "may," "will,"
"should," "expect," "anticipate," "estimate," "believe," "intend,"
"project," "continue," or the negative of these words, or other
similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are
beyond our control, that may cause our actual results, performance
or achievements to be materially different from future results,
performance or achievements expressed or implied by forward-looking
statements made by us. Factors and risks to our business that could
cause actual results to differ from those contained in the
forward-looking statements are described in our filings with the
Securities and Exchange Commission. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of future events, new information or otherwise.
SLG- DIV
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version on businesswire.com: https://www.businesswire.com/news/home/20181129005801/en/
Investors:Matt DiLibertoChief Financial OfficerSL Green Realty
Corp.(212)
594-2700orPress:BerlinRosenslgreen@berlinrosen.com646.452.5637
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