The company confirmed the new rate on Wednesday, noting that the increased distribution is scheduled for payment on Aug. 14. To qualify for the payout, investors must be on the company's books as shareholders of record by July 31. Based on Tuesday's closing price of $47.36, the dividend now carries an annual yield of approximately 5.24%, climbing from the prior 5.07% level.
NNN REIT Increases Quarterly Dividend Payout
Shareholders of Orlando-based NNN REIT will see a 3.3% bump in their quarterly dividend, with the payout rising to 62 cents per share from the previous 60 cents. This adjustment brings the company's annualized dividend to $2.48, reflecting a shift in yield for investors following the latest market close.
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