ORLANDO-Maintaining a record of paying annual dividends for 14 consecutive years, locally based Commercial Net Lease Realty Inc. plans to pay shareholders a quarterly dividend of 32 cents per share Nov. 15. The dividend represents an annualized rate of $1.28 per share to holders of record on Oct. 31.

“The company is one of only 228 publicly traded companies in America that have increased annual dividends paid to shareholders for 14 or more consecutive years,” says CNLR chief financial officer Kevin B. Habicht. The company gave shareholders a 28% return on their investment last year.

The company invests in high-quality, single-tenant retail, office and industrial properties and then leases the space on long-term net leases to major corporate tenants such as Barnes & Nobles, Best Buy, Eckerd, Home Depot, OfficeMax and Wal-Mart.

CNLR owns, either directly or through investment interests, 348 properties in 39 states with a gross leasable area of 7.9 million sf leased to 126 corporations in 46 lines of trade and industrial classifications.

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