ORLANDO, Fla., April 16, 2012 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 38.5 cents per share payable May 15, 2012 to common shareholders of record on April 30, 2012. The dividend represents an annualized rate of $1.54 per share. National Retail Properties has paid increased annual dividends per share for 22 consecutive years and is one of only four publicly traded REITs and 104 publicly traded companies in America to have increased annual dividends for 22 or more consecutive years. National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2011, the company owned 1,422 Investment Properties in 47 states with a gross leasable area of approximately 16.4 million square feet. For more information on the company, visit www.nnnreit.com. SOURCE National Retail Properties, Inc.