NEW YORK--(BUSINESS WIRE)--
Annual Dividend Will Increase to $3.40 per Share
SL Green Realty Corp. (SLG), New York City’s largest commercial property owner, today reported that its board of directors has increased the Company’s quarterly dividend by 4.6 percent, to $0.85 per share on its common stock and OP units, resulting in a new annual dividend of $3.40 per share. The fourth quarter dividend is payable on January 15, 2019 to shareholders of record at the close of business on January 2, 2019.
“SL Green continues to reward shareholders with an attractive dividend increase for the eighth consecutive year,” said Matt DiLiberto, Chief Financial Officer at SL Green. “We remain well-positioned with ample liquidity for capital projects and select 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, 2018 through and including January 14, 2019, of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend will be payable January 15, 2019 to shareholders of record at the close of business on January 2, 2019.
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, 2018, SL Green held interests in 106 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 28.2 million square feet of Manhattan buildings and 18.2 million square feet of buildings securing debt and preferred equity investments. In addition, SL Green held ownership interests in 15 suburban buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.
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.