Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock
December 05 2018 - 5:31PM
Business Wire
Announces Annual Meeting Date; Provides
Update on SMTA
Spirit Realty Capital, Inc. (NYSE:SRC) (“Spirit” or the
“Company”), a net-lease real estate investment trust (REIT) that
invests in single-tenant, operationally essential real estate,
today announced that its Board of Directors has declared a
quarterly cash dividend of $0.125 per common share, representing an
annualized rate of $0.50 per common share. Stockholders of record
as of December 31, 2018 will receive the cash dividend on January
15, 2019.
The Board of Directors also declared a quarterly cash dividend
of $0.3750 per share to holders of the Company’s 6.00% Series A
Cumulative Redeemable Preferred Stock. Preferred stockholders of
record as of December 17, 2018 will receive the cash dividend on
December 31, 2018.
"In conjunction with SMTA’s execution of the $165MM non-recourse
loan, which served to de-risk their Shopko exposure, and recently
announced dividends and stock repurchase plan, we believe SMTA has
sufficient liquidity to honor their agreements with Spirit. In
addition, we want to reiterate that Spirit does not own any Shopko
stores," stated Jackson Hsieh, President and Chief Executive
Officer of Spirit.
Information pertaining to Spirit’s dividends can be obtained
through the investor relations section of the Company’s website at
www.spiritrealty.com. For account inquiries relating to Spirit’s
quarterly dividends, please contact Spirit’s transfer agent,
American Stock Transfer & Trust Company, LLC at (866)
703-9065.
Spirit also announced that its 2019 Annual Meeting of
Shareholders will be held on Thursday, May 9, 2019 at 8:00am
Central Time at the Company’s offices, located at 2727 North
Harwood St., Suite 300, Dallas, Texas.
ABOUT SPIRIT REALTY
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease
REIT that primarily invests in high-quality, operationally
essential real estate, subject to long-term net leases. Over the
past decade, Spirit has become an industry leader and owner of
income-producing, strategically located retail, industrial, office
and data center properties.
As of September 30, 2018, our diversified portfolio was
comprised of 1,523 properties, including properties securing
mortgage loans made by the Company. Our properties, with an
aggregate gross leasable area of approximately 28.7 million square
feet, are leased to approximately 252 tenants across 49 states and
32 industries.
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version on businesswire.com: https://www.businesswire.com/news/home/20181205005865/en/
Pierre Revol(972) 476-1403InvestorRelations@spiritrealty.com
Spirit Realty Capital (NYSE:SRC)
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