National Retail Properties (NNN) Declares $0.435 Quarterly Dividend; 4.7% Yield
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October 15, 2015 8:30 AM EDT
ORLANDO, Fla., Oct. 15, 2015 /PRNewswire/ --Â The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 43.5 cents per share payable November 16, 2015 to common shareholders of record on October 30, 2015. Â National... More
October 14, 2015 6:12 PM EDT
ORLANDO, Fla., Oct. 14, 2015 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has priced its public offering of $400,000,000 of 4.00% senior unsecured notes due 2025. The notes were offered at 99.759% of the principal amount with a yield to maturity of 4.029%. Interest on the notes will be payable semi-annually on May 15 and November 15 of each year, commencing May 15, 2016. The offering is expected to close on October 21, 2015, subject to customary closing conditions.Â
The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its... More
