New York, NY — For the 27th year in a row, National Retail Properties, Inc. (NYSE:NNN) has elected to slightly raise its dividend.
On Friday, the real estate company’s board of directors declared a quarterly dividend of $0.455 per share, which represents a 4.6% increase from its current payout. The dividend will be payable on August 15, 2016 to shareholders of record on July 29. (Source: “Common Dividend Declared by National Retail Properties, Inc.,” National Retail Properties Inc, July 15, 2016.)
Friday’s announcement marks the 27th consecutive annual dividend increase for National Retail Properties. After the increase, the company has an annual dividend yield of 3.57%.
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