SL Green Realty Corp. Declares Dividend

Strategic Insights -

SL Green Realty Corp., a self-administered and self-managed real estate investment trust, has declared a dividend of $0.10 per share of common stock for the quarter ending September 30, 2009. The dividend payment will be made on October 15, 2009, to shareholders of record at the close of business on September 30, 2009. The company's Board of Directors has also declared the regular quarterly dividends on the Company's Series C and D Preferred Stock, payable on October 15, 2009, to shareholders of record at the close of business on September 30, 2009.

Key Takeaways:

  • SL Green Realty Corp. declared a dividend of $0.10 per share of common stock for the quarter ending September 30, 2009.
  • The dividend payment will be made on October 15, 2009, to shareholders of record at the close of business on September 30, 2009.
  • The company's Board of Directors also declared the regular quarterly dividends on the Company's Series C and D Preferred Stock, payable on October 15, 2009.
  • The dividend on Series C Preferred Stock is $0.4766 per share, with an annualized dividend of $1.9064.
  • The dividend on Series D Preferred Stock is $0.4922 per share, with an annualized dividend of $1.9688.
  • SL Green Realty Corp. is a self-administered and self-managed real estate investment trust that predominantly acquires, owns, repositions, and manages Manhattan office properties.
  • As of June 30, 2009, the company owned interests in 29 New York City office properties totaling approximately 23,211,200 square feet, making it New York's largest office landlord.

Statistics:

  • $0.10 per share: declared dividend for the quarter ending September 30, 2009
  • $0.4766 per share: declared dividend on Series C Preferred Stock for the period July 15, 2009 through and including October 14, 2009
  • $0.4922 per share: declared dividend on Series D Preferred Stock for the period July 15, 2009 through and including October 14, 2009
  • $1.9064: annualized dividend for Series C Preferred Stock
  • $1.9688: annualized dividend for Series D Preferred Stock
  • 29: number of New York City office properties owned by SL Green Realty Corp. as of June 30, 2009
  • 23,211,200 square feet: total square footage of New York City office properties owned by SL Green Realty Corp. as of June 30, 2009

Sources:

  • SL Green Realty Corp. press release, dated September 30, 2009
  • Company Profile, SL Green Realty Corp. website, accessed on [no date provided]
  • SL Green Realty Corp. website, www.slgreen.com, accessed on [no date provided]