NEW YORK CITY—SL Green Realty Corp's board of directors hasincreased the company's quarterly dividend on its common stock andOP units by 20%, resulting in a new annual dividend of $2.40 pershare.
In connection to the move, the board of directors declared thefourth quarter dividend of $0.60 per share of common stock. Thedividend is payable on January 15, 2015 to shareholders of recordat the close of business on January 2, 2015.
“SL Green strives to retain as much cash as possible, whiledistributing 100% of its taxable income, in order to take maximumadvantage of market opportunities,” a spokesman tells GlobeSt.com.“That being said, earnings growth drives dividend growth, and thecompany is pleased to be able to deliver this increase toshareholders.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
