SLG - SL Green Realty Corp. Announces Annual Ordinary Dividend of $3.00 Per Share | Benzinga
NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced today that its board of directors has established an annual ordinary dividend on SL Green's common stock of $3.00 per share. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.25 per share is payable on January 16, 2024, to stockholders of record at the close of business on December 29, 2023.
"We believe that providing a sustainable, recurring dividend to our shareholders is a fundamental part of our business, while maintaining a focus on retained cash flow and distributing 100% of our taxable income. With the backdrop of a challenging, but improving, New York City office market and stubbornly high interest rates, we are proud of the business plan we have developed to generate another annual cash dividend at such a high level," said Matt DiLiberto, Chief Financial Officer.
The board of directors also declared the ...