SL Green Realty (NYSE: SLG) is a real estate investment trust (REIT), a corporate structure designed to invest properties and to pass on most of its taxable income to shareholders. Historically speaking, office REITs have had modest payout ratios because of this. As an example, every time a tenant vacates a space, landlords like SL Green have to look for a new tenant and (here's the expensive part) provide improvements to the location to get the new tenant in the door.
NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2708 per share of common stock, which is the equivalent of an annualized dividend of $3.25 per share. The dividend is payable in cash on April 17, 2023 to shareholders of record at the close of business on March 31, 2023. The board of directors also declared the regular quarterly dividend on
S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range. The company moving to the S&P 500 is more representative of the large-cap market space. All companies moving to the S&P MidCap 400 are more representative of the mid