SL Green Realty Corp (NYSE:SLG) Announces Quarterly Dividend of $ 0.295

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SL Green Realty Corp (NYSE:SLG) declared quarterly dividend of $ 0.295 per share, or $ 1.18 annualized.

The dividend will be payable on November 16, 2020, to stockholders of record on October 30, 2020, with an ex-dividend date of October 29, 2020.

Dividends History
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SL Green Realty Corp recently reported second quarter financial results on July 22, 2020, after market close, the New York based company unveiled income for the second quarter of $ 1.70 per share, from the revenue of $ 174.14 million. The quarterly earnings reduced 12.37 percent while revenues reduced 28.91 percent compared with the same quarter last year. Street analysts expected $ 208.60 million. The top line results fell short of analysts by $ 34.46 million or 16.52 percent.

Stock Performance

Shares of SL Green Realty Corp traded up $ 1.31 or 2.87 percent on Tuesday, reaching $ 46.92 with volume of 39.90 thousand shares. The stock opened positive for the day at $ 47.41, after closing the previous day trading at $ 45.61.

According to the previous trading day, closing price of $ 45.61, representing a 29.72 % increase from the 52 week low of $ 35.16 and a 52.68 % decrease over the 52 week high of $ 96.39.

The company has a market capital of $ 3.44 billion and is part of the Real Estate sector and REIT – Office industry.

SL Green Realty Corp., an S&P 500 company and New York Citys largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 27.7 million square feet of Manhattan buildings and 18.7 million square feet of buildings securing debt and preferred equity investments.