{"id":392142,"date":"2020-12-02T16:08:18","date_gmt":"2020-12-02T21:08:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392142"},"modified":"2020-12-02T16:08:18","modified_gmt":"2020-12-02T21:08:18","slug":"spirit-realty-capital-inc-announces-quarterly-cash-dividend-for-common-and-preferred-stock-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spirit-realty-capital-inc-announces-quarterly-cash-dividend-for-common-and-preferred-stock-4\/","title":{"rendered":"Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock<\/b><\/p>\n<p>DALLAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSpirit Realty Capital, Inc. (NYSE: SRC) (\u201cSpirit\u201d or the \u201cCompany\u201d) announced today that its Board of Directors declared a quarterly cash dividend on November 13, 2020 of $0.625 per common share, representing an annualized rate of $2.50 per common share. Stockholders of record as of Thursday, December 31, 2020 will receive the cash dividend on Friday, January 15, 2021.\n<\/p>\n<p>\nThe Board of Directors also declared a quarterly cash dividend of $0.3750 per share to holders of the Company\u2019s 6.00% Series A Cumulative Redeemable Preferred Stock. Preferred stockholders of record as of Tuesday, December 15, 2020 will receive the cash dividend on Thursday, December 31, 2020.\n<\/p>\n<p>\nInformation pertaining to Spirit\u2019s dividends can be obtained through the investor relations section of the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.spiritrealty.com&amp;esheet=52341612&amp;newsitemid=20201202005796&amp;lan=en-US&amp;anchor=www.spiritrealty.com&amp;index=1&amp;md5=cc5ef2e0c22583bb758320cb0bdfe6fc\">www.spiritrealty.com<\/a>. For account inquiries relating to Spirit\u2019s quarterly dividends, please contact Spirit\u2019s transfer agent, American Stock Transfer &amp; Trust Company, LLC at (866) 703-9065.\n<\/p>\n<p><b>ABOUT SPIRIT REALTY<\/b><\/p>\n<p>\nSpirit Realty Capital, Inc. (NYSE: SRC) is a net-lease real estate investment trust (\u201cREIT\u201d) that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases.\n<\/p>\n<p>\nAs of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.\n<\/p>\n<p><b>FORWARD-LOOKING AND CAUTIONARY STATEMENTS<\/b><\/p>\n<p>\nThis press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements can be identified by the use of words and phrases such as \u201cexpect,\u201d \u201cplan,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cbelieve,\u201d \u201cguidance,\u201d \u201capproximately,\u201d \u201canticipate,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cseek\u201d or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate to historical matters but are meant to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. These forward-looking statements are subject to known and unknown risks and uncertainties that you should not rely on as predictions of future events. Forward-looking statements depend on assumptions, data and\/or methods which may be incorrect or imprecise and Spirit may not be able to realize them. Spirit does not guarantee that the events described will happen as described (or that they will happen at all). The following risks and uncertainties, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: industry and economic conditions; volatility and uncertainty in the financial markets, including potential fluctuations in the Consumer Price Index; Spirit\u2019s success in implementing its business strategy and its ability to identify, underwrite, finance, consummate, integrate and manage diversifying acquisitions or investments; the financial performance of Spirit\u2019s retail tenants and the demand for retail space, particularly with respect to challenges being experienced by general merchandise retailers; Spirit\u2019s ability to diversify its tenant base; the nature and extent of future competition; increases in Spirit\u2019s costs of borrowing as a result of changes in interest rates and other factors; Spirit\u2019s ability to access debt and equity capital markets; Spirit\u2019s ability to pay down, refinance, restructure and\/or extend its indebtedness as it becomes due; Spirit\u2019s ability and willingness to renew its leases upon expiration and to reposition its properties on the same or better terms upon expiration in the event such properties are not renewed by tenants or Spirit exercises its rights to replace existing tenants upon default; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect Spirit or its major tenants; Spirit\u2019s ability to manage its expanded operations; Spirit\u2019s ability and willingness to maintain its qualification as a REIT under the Internal Revenue Code of 1986, as amended; the impact on Spirit\u2019s business and those of its tenants from epidemics, pandemics or other outbreaks of illness, disease or virus (such as the strain of coronavirus known as COVID-19); the use of proceeds from the offering of the Notes; and other risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, illiquidity of real estate investments and potential damages from natural disasters discussed in Spirit\u2019s most recent filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements which are based on information that was available, and speak only, as of the date on which they were made. While forward-looking statements reflect Spirit\u2019s good faith beliefs, they are not guarantees of future performance. Spirit expressly disclaims any responsibility to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201202005796r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201202005796\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201202005796\/en\/<\/a><\/span><\/p>\n<p>\nPierre Revol<br \/>\n<br \/>(972) 476-1403<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@spiritrealty.com\">InvestorRelations@spiritrealty.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201202005796\/en\/737173\/3\/Spirit_Realty_PMS_Two_Color_Vertical_1-01.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock DALLAS&#8211;(BUSINESS WIRE)&#8211; Spirit Realty Capital, Inc. (NYSE: SRC) (\u201cSpirit\u201d or the \u201cCompany\u201d) announced today that its Board of Directors declared a quarterly cash dividend on November 13, 2020 of $0.625 per common share, representing an annualized rate of $2.50 per common share. Stockholders of record as of Thursday, December 31, 2020 will receive the cash dividend on Friday, January 15, 2021. The Board of Directors also declared a quarterly cash dividend of $0.3750 per share to holders of the Company\u2019s 6.00% Series A Cumulative Redeemable Preferred Stock. Preferred stockholders of record as of Tuesday, December 15, 2020 will receive the cash dividend on Thursday, December 31, 2020. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spirit-realty-capital-inc-announces-quarterly-cash-dividend-for-common-and-preferred-stock-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392142","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spirit Realty Capital, Inc. 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(NYSE: SRC) (\u201cSpirit\u201d or the \u201cCompany\u201d) announced today that its Board of Directors declared a quarterly cash dividend on November 13, 2020 of $0.625 per common share, representing an annualized rate of $2.50 per common share. Stockholders of record as of Thursday, December 31, 2020 will receive the cash dividend on Friday, January 15, 2021. The Board of Directors also declared a quarterly cash dividend of $0.3750 per share to holders of the Company\u2019s 6.00% Series A Cumulative Redeemable Preferred Stock. Preferred stockholders of record as of Tuesday, December 15, 2020 will receive the cash dividend on Thursday, December 31, 2020. &hellip; Continue reading &quot;Spirit Realty Capital, Inc. 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