Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock
DALLAS--(BUSINESS WIRE)--Dec 5, 2018--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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CONTACT: Pierre Revol
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY
SOURCE: Spirit Realty Capital, Inc.
Copyright Business Wire 2018.
PUB: 12/05/2018 05:31 PM/DISC: 12/05/2018 05:31 PM