ORLANDO,
Fla., Jan. 12, 2024 /PRNewswire/ -- NNN REIT,
Inc. (NYSE: NNN), a real estate investment trust, today announced
that 98.3245% of the dividends paid to common shareholders in 2023
are classified for federal income tax purposes as a taxable
distribution. The tax attributes of the dividends paid per share
are outlined below.
|
Total
Dividend
|
Ordinary
Dividends
(Box 1a)
|
Non-taxable
Distributions
(Box 3)
|
Section 199A
Dividends
(1)
(Box 5)
|
|
Common Stock (CUSIP:
637417106)
|
|
100.0000 %
|
98.3245 %
|
1.6755 %
|
98.3245 %
|
|
$2.230000
|
$2.192636
|
$0.037364
|
$2.192636
|
|
|
|
|
|
(1)
|
Dividends eligible for
the 20% qualified business income deduction under Section 199A and
included in box 1a, Ordinary Dividends.
|
"The common dividend of $2.23 per
share paid in 2023 marked the thirty-fourth consecutive annual
dividend increase for NNN REIT," said Kevin
Habicht, Chief Financial Officer. "The consistency of our
dividend, both in good and challenging times, remains an important
part of the company's total return to shareholders."
NNN REIT invests primarily in high-quality retail properties
subject generally to long-term, net leases. As of
September 30, 2023, the company owned
3,511 properties in 49 states with a gross leasable area of
approximately 35.8 million square feet and a weighted average
remaining lease term of 10.1 years. For more information on
the company, visit www.nnnreit.com.
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SOURCE NNN REIT, Inc.