National Retail Properties (NNN) will raise the quarterly dividend by 3.7 percent to $0.42 per share in 2014. This follows a 2.5 percent dividend increase in the previous year by the retail REIT.
National Retail Properties (NNN) is a fully integrated real estate investment trust (“REIT”) formed in 1984. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. NNN’s strategy is to invest primarily in retail real estate that is typically well located within each local market for its tenants’ retail lines of trade.
2022