SL Green Realty (SLG) Raises Quarterly Dividend 7.6% to $0.775; 2.9% Yield

December 1, 2016 8:04 AM EST

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SL Green Realty (NYSE: SLG) declared a quarterly dividend of $0.775 per share, or $3.1 annualized. This is a 7.6% increase from the prior dividend of $0.72.

The dividend will be payable on January 17, 2017, to stockholders of record on January 3, 2017, with an ex-dividend date of December 29, 2016.

The annual yield on the dividend is 2.9 percent.

Matt DiLiberto, SL Green’s Chief Financial Officer, said, “The earnings power of the SL Green platform provides us with the ability to meaningfully increase our common dividend again in 2017. This increase will immediately benefit our shareholders, while allowing us to retain ample liquidity to fund the Company’s ongoing capital projects and take advantage of compelling investment opportunities.”

For a dividend history and other dividend-related data on SL Green Realty (SLG) click here.

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