National Retail Properties, Inc. Increases Common Dividend
ORLANDO, Fla., July 16, 2012 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NNN), a real estate investment trust, declared a quarterly dividend of 39.5 cents per share payable August 15, 2012 to common shareholders of record on July 31, 2012. The dividend represents an annualized rate of $1.58 per share and marks the twenty-third consecutive year National Retail Properties has paid increased annual dividends per share. National Retail Properties is one of only four publicly traded REITs and 104 publicly traded companies in America to have increased annual dividends for 23 or more consecutive years.
"We are proud to reach our twenty-third consecutive year of increased annual dividend payments," said Craig Macnab, Chairman and CEO. "A consistent and increasing dividend is extremely important to our shareholders and is a track record we intend to perpetuate."
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2012, the company owned 1,486 Investment Properties in 47 states with a gross leasable area of approximately 17.0 million square feet. For more information on the company, visit www.nnnreit.com.
SOURCE National Retail Properties, Inc.