dividend
confidence high
sentiment positive
materiality 0.70
SL Green increases ordinary dividend 2.5%, declares special stock dividend of $2.44/sh, plans reverse split
SL GREEN REALTY CORP
- Monthly ordinary dividend increased 2.5% to $0.3108/sh ($3.73 annualized); payable Jan 18, 2022 to holders of record Dec 15.
- Special stock dividend of $2.4392/sh from 2021 asset disposition gains; payable Jan 18, 2022.
- Total dividend value $2.75/sh; stockholders can elect all cash or all stock, subject to proration.
- Reverse stock split effective after close on Jan 21, 2022; ratio determined after Jan 10, 2022.
- Series I Preferred quarterly dividend $0.40625/sh ($1.625 annualized), payable Jan 18 to record Dec 20.