STORE Capital As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
STOR $1.54 6.9% 2.9% 6.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Commercial REIT 4.5% 7 5.8% Quarter 2014
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Store Capital hikes dividend by 6.9%

STORE Capital Corporation (STOR) will raise its quarterly dividend by 6.9 percent to $0.385 per share in 2021. This follows a dividend hike of 2.9 percent to 36 cents per share in 2020 and marks the 7th consecutive year of dividend increases by the REIT.

“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.

The next STOR dividend will be paid on October 15, 2021 to STORE Capital stockholders of record as of the close of business on September 30, 2021. A new annual dividend rate of $1.54 per share yields 4.5% at a stock price of $34.08.

STORE Capital Corporation is an internally managed net-lease real estate investment trust (REIT). The company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. Its customers include restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. STORE is providing real estate financing solutions principally to middle-market and larger businesses that own STORE Properties and operate within the broad-based service, retail and manufacturing sectors of the U.S. economy. STORE has paid a dividend every year since 2014.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 XRAY 0.7% 10.0%
Sep 23 SRE 3.4% 5.3%
Sep 23 FLS 2.3% 0.0%
Sep 23 MDT 2.0% 8.6%
Sep 23 RL 2.5% 0.0%
Sep 23 IFF 2.4% 2.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 AMT 1.8% 5.0%