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Showing posts with the label STORE Capital

Store Capital hikes dividend by 6.5%

On September 19, 2022, STORE Capital Corporation (STOR) declared a new quarterly dividend of $0.41 per share, up 6.5% from the previous dividend rate of $0.385 per share. This marks the 7th consecutive year of dividend increases by the REIT. The next STOR dividend will be paid on October 17, 2022 to STORE Capital stockholders of record as of the close of business on September 30, 2022. A new annual dividend rate of $1.64 per share yields 4.8% at a stock price of $31.95. The next ex-dividend date for STOR is September 29, 2022.  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 ST...

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 divid...

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