SL Green Realty Corp. Announces Common and Preferred Stock Dividends
March 25 2020 - 7:30AM
Business Wire
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office
landlord, today announced that its board of directors has declared
a monthly dividend of $0.295 per share of common stock. The
dividend is payable on April 15, 2020 to shareholders of record at
the close of business on March 31, 2020.
“We endeavor to reward our shareholders with a consistent
dividend while recognizing the need to maximize liquidity,” said
Matt DiLiberto, Chief Financial Officer of SL Green.
“Modifying our dividend policy from quarterly payments to monthly
payments will allow us to better match our distributions to the
operating cash flow we recognize in this current market
environment.”
The board of directors also declared the regular quarterly
dividend on the company's Series I Preferred Stock for the period
January 15, 2020 through April 14, 2020 of $0.40625 per share,
which is the equivalent of an annualized dividend of $1.625 per
share. The dividend will be payable on April 15, 2020 to
shareholders of record at the close of business on March 31,
2020.
About SL Green
SL Green Realty Corp., an S&P 500 company and Manhattan'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 December 31, 2019, SL Green held interests in 97 buildings
totaling 44.0 million square feet. This included ownership
interests in 26.5 million square feet of Manhattan buildings and
16.4 million square feet securing debt and preferred equity
investments.
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. These risks and uncertainties
include, but are not limited to, potential risks and uncertainties
relating to the novel coronavirus (COVID-19).
SLG - DIV
Source: SL Green Realty Corp.
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version on businesswire.com: https://www.businesswire.com/news/home/20200325005340/en/
Investors: Matt DiLiberto Chief Financial Officer SL Green
Realty Corp. (212) 594-2700
Press: BerlinRosen slgreen@berlinrosen.com 646.452.5637
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