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Real estate industry

Getty Realty Corp. Announces Quarterly Dividend and Executive Changes

Strategic Insights

— 2 min read

Getty Realty Corp., the largest publicly-traded real estate investment trust in the United States, has announced several key developments. At the company's Board of Directors meeting, a quarterly Common Stock dividend of $0.455 per share was declared, payable on July 13, 2006 to holders of record on June 29, 2006. Additionally, at the Annual Stockholders Meeting, more than 94% of the issued and outstanding Common Stock was represented, resulting in the re-election of several Directors and the approval of PricewaterhouseCoopers, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2006. Following the meeting, the Board of Directors reconvened and appointed new executives, including Leo Liebowitz as Chairman and Chief Executive Officer, Andrew M. Smith as President and Secretary, Kevin C. Shea as Executive Vice President, and Thomas J. Stirnweis as Vice President, Treasurer and Chief Financial Officer.

Key Takeaways:

  • Getty Realty Corp. has declared a quarterly Common Stock dividend of $0.455 per share, payable on July 13, 2006 to holders of record on June 29, 2006, bringing the total dividend payment to approximately $485,000 based on the current number of outstanding shares (Source: Getty Realty Corp.).
  • Over 94% of the issued and outstanding Common Stock was represented at the Annual Stockholders Meeting, ensuring a strong turnout and support for the company's leadership and financial decisions.
  • The Board of Directors has reconvened and elected new executives, including Leo Liebowitz as Chairman and Chief Executive Officer, Andrew M. Smith as President and Secretary, Kevin C. Shea as Executive Vice President, and Thomas J. Stirnweis as Vice President, Treasurer and Chief Financial Officer (Source: Getty Realty Corp.).
  • Getty Realty Corp. specializes in the ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals, with a portfolio of over 1,060 properties in the Eastern United States (Source: Getty Realty Corp.).
  • The company's commitment to delivering shareholder value and providing a strong return on investment is a key aspect of its business strategy (Source: Getty Realty Corp.).

Statistics:

  • Quarterly Common Stock dividend: $0.455 per share
  • Total dividend payment: approximately $485,000 based on the current number of outstanding shares
  • Number of shares represented at Annual Stockholders Meeting: over 23,275,000
  • Percentage of shares represented at Annual Stockholders Meeting: 94%
  • Number of properties in Getty Realty Corp.'s portfolio: over 1,060
  • Geographic region of company operations: Eastern United States

Sources:

  • Getty Realty Corp. (NYSE:GTY) News Release (no date provided)
  • Getty Realty Corp. Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2005 (no date provided)
  • Securities and Exchange Commission (SEC) filings (no date provided)

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