Announces $3.10 Annual Dividend
NEW YORK–(BUSINESS WIRE)–
SL Green Realty Corp. (NYSE:SLG), today reported that its board of
directors increased the Company’s quarterly dividend on its common stock
and OP units by 7.6%, resulting in a new annual dividend of $3.10 per
share. In connection therewith, the board of directors declared the
fourth quarter dividend of $0.775 per share of common stock. The
dividend is payable on January 17, 2017 to shareholders of record at the
close of business on January 3, 2017.
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.”
The board of directors also declared the regular quarterly dividend on
the company’s Series I Preferred Stock for the period October 15, 2016
through and including January 14, 2017, of $0.40625 per share, which is
the equivalent of an annualized dividend of $1.625 per share. The
dividend will be payable January 17, 2017 to shareholders of record at
the close of business on January 3, 2017.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York City’s largest
office landlord, is a fully integrated real estate investment trust, or
REIT, that is focused primarily on acquiring, managing and maximizing
value of Manhattan commercial properties. As of September 30, 2016, SL
Green held interests in 125 Manhattan buildings totaling 46.6 million
square feet. This included ownership interests in 28.1 million square
feet of commercial buildings and debt and preferred equity investments
secured by 18.6 million square feet of buildings. In addition, SL Green
held ownership interests in 30 suburban buildings totaling 4.8 million
square feet in Brooklyn, Long Island, Westchester County, Connecticut
and New Jersey. For more information, please visit: https://slgreen.com/.
Forward-looking Statement
This press release includes certain statements that may be deemed to
be “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 and are intended to be covered
by the safe harbor provisions thereof. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that we expect, believe or
anticipate will or may occur in the future, are forward-looking
statements. Forward-looking statements are not guarantees of future
performance and we caution you not to place undue reliance on such
statements. Forward-looking statements are generally identifiable by the
use of the words “may,” “will,” “should,” “expect,” “anticipate,”
“estimate,” “believe,” “intend,” “project,” “continue,” or the negative
of these words, or other similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are beyond
our control, that may cause our actual results, performance or
achievements to be materially different from future results, performance
or achievements expressed or implied by forward-looking statements made
by us. Factors and risks to our business that could cause actual results
to differ from those contained in the forward-looking statements are
described in our filings with the Securities and Exchange Commission. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of future events, new information or
otherwise.
SLG-DIV
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Matt DiLiberto
Chief Financial Officer
212.594.2700
Source: SL Green Realty Corp.
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