Real estate investment trust National Retail Properties (NYSE:NNN) yesterday declared a second-quarter dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock, payable on June 14 to stockholders of record on May 31.
The board of directors said it will pay a dividend of $0.4140625 per preferred share.
Based on the first-quarter dividend of $0.395 for each share of common stock, which was announced in April, the dividend for non-preferred shares annualizes to $1.58 per share. That yields 3.8% at National Retail Properties' most recent closing price on May 15.
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