SL Green Realty Corp. (NYSE: SLG) today reported that its board of directors has declared a quarterly dividend of $0.33 per share of common stock for the quarter ending June 30, 2013. The dividend is payable on July 15, 2013 to shareholders of record at the close of business on July 1, 2013.
The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2013 through and including July 14, 2013, of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend will be payable July 15, 2013 to shareholders of record at the close of business on July 1, 2013.
As previously announced, the company will redeem all of its outstanding Series C Preferred Stock on June 21, 2013. The shares of Series C Preferred Stock will be redeemed at redemption price of $25.00 per share of Series C Preferred Stock plus $2,690,989.58, or $0.3495 per share, in accumulated and unpaid dividends on such Series C Preferred Stock through the date of redemption.
About SL Green Realty Corp.SL Green Realty Corp., New York City's largest office landlord, is the only fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2013, SL Green owned interests in 89 Manhattan properties totaling 41.6 million square feet. This included ownership interests in 25 million square feet of commercial properties and debt and preferred equity investments secured by 13.8 million square feet of properties. In addition to its Manhattan investments, SL Green holds ownership interests in 31 suburban assets totaling 5.4 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey, along with four development properties in the suburbs encompassing approximately 0.5 million square feet. The Company also has ownership interests in 31 properties totaling 4.5 million square feet in southern California.