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SL Green Raises Quarterly Dividend 10 Cents

NEW YORK CITY-The dividend is equivalent to an annualized distribution of $1.55 per common share. Series A preferred earned $2.00 per share on an annualized basis.

By John Howe | Updated on December 20, 2000

NEW YORK CITY-SL Green Realty Corp. has declared a dividend of $0.3875 per common share, an increase of $0.10, for the quarter ending Dec. 31, 2000 that is payable on Jan. 15, 2001 to shareholders of record on Dec. 29, 2000. The dividend is the equivalent of a $1.55 per share payout on an annualized basis.

Stephen L. Green, chairman and CEO of the firm, described the increase as “a clear expression of our confidence in the future growth in cash flows from our real estate portfolio and continuing improvement in the financial performance of our company. The board has a very strong belief that shareholders should participate in the company’s profitability growth, which was demonstrated by the increase.”

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