STORE Capital (STOR) Raises Quarterly Dividend 6.5% to $0.33; 4.6% Yield

STORE Capital (NYSE: STOR) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 6.5% increase from the prior dividend of $0.31.

The dividend will be payable on October 15, 2018, to stockholders of record on September 28, 2018, with an ex-dividend date of September 27, 2018.

The annual yield on the dividend is 4.6 percent.

“We are happy to announce that we have increased our dividend by 6.5%, reflecting our outlook for continued strong growth and performance,” said Christopher H. Volk, President and Chief Executive Officer of STORE Capital. “Through a combination of external and internal growth, we have been able to generate consistently high levels of retained cash flow, allowing us to increase our dividend every year since our IPO in late 2014, while also delivering double-digit returns to our shareholders. Cumulatively, we are proud to have increased our quarterly dividend by 32%, while maintaining a payout ratio close to 70% of adjusted funds from operations.”

For a dividend history and other dividend-related data on STORE Capital (STOR) click here.

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