National Retail Properties, Inc. Declares Common Dividend
October 15 2009 - 8:30AM
PR Newswire (US)
-- 20th Consecutive Year of Increased Annual Dividends per Share --
ORLANDO, Fla., Oct. 15 /PRNewswire-FirstCall/ -- The Board of
Directors of National Retail Properties, Inc. (NYSE:NNN), a real
estate investment trust, declared a quarterly dividend of 37.5
cents per share payable November 16, 2009 to common shareholders of
record on October 30, 2009. The dividend represents an annualized
rate of $1.50 per share. This dividend payment marks the twentieth
consecutive annual dividend increase for National Retail
Properties. Only 156 publicly traded companies in America have
increased annual dividends paid to shareholders for 20 or more
consecutive years. This quarterly dividend payment brings the total
dividend paid for 2009 to $1.50 per share, representing a 1.4%
increase over $1.48 per share paid in 2008. "We're proud to reach
our twentieth consecutive year of increased annual dividend
payments," said Craig Macnab, Chairman and Chief Executive Officer.
"Less than 2% of all public companies in America have achieved this
milestone. In an environment when many companies have cut or
suspended dividend payments, a consistent and increasing dividend
is extremely important to our shareholders." National Retail
Properties invests primarily in high-quality retail properties
subject generally to long-term, net leases. As of June 30, 2009,
the company owned 999 Investment properties in 44 states with a
gross leasable area of approximately 11.4 million square feet. For
more information on the company, visit http://www.nnnreit.com/.
DATASOURCE: National Retail Properties, Inc. CONTACT: Kevin B.
Habicht, Chief Financial Officer of National Retail Properties,
Inc., +1-407-265-7348 Web Site: http://www.nnnreit.com/
Copyright