STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it has declared a regular quarterly cash dividend on its common stock of $0.3850 per share for the third quarter ending September 30, 2021. On an annualized basis, this dividend of $1.54 per common share represents an increase of $0.10 per share over the previous annualized dividend. The dividend will be paid on October 15, 2021 to STORE Capital stockholders of record as of the close of business on September 30, 2021.
“Since we went public in 2014, STORE has delivered an attractive
compounded annual total return to shareholders of 14.5% and our dividend
has always been an important part of our total return. We are proud to
be delivering a quarterly dividend increase of 2.5 cents per share to
our shareholders, equating to 10 cents per share annualized – our
highest per share increase since we became public. This dividend
increase demonstrates our confidence in our growth strategy and the
strength of our cash flows,” said Mary Fedewa, STORE Capital’s President
and Chief Executive Officer.
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