Seritage Growth Properties (NYSE:SRG) declared a dividend for its 7.00% Series A Cumulative Redeemable Preferred Shares today. The real estate investment trust announced a cash dividend of $0.4375 per share, scheduled for payment on January 15, 2025, to shareholders of record as of December 31, 2024.
This information is based on a press release statement from the company filed with the Securities and Exchange Commission (SEC). The company's board of trustees confirmed the dividend on Monday, reflecting the company's commitment to delivering shareholder value through consistent payouts.
The preferred shares, trading under the ticker SRG-PA on the New York Stock Exchange, provide investors with a regular income stream, highlighting the company's financial health and ability to maintain its dividend payments.
Seritage Growth Properties, with its principal executive offices located in New York, New York, operates under Maryland jurisdiction and has been identified with the IRS Employer Identification No. 38-3976287.
The dividend declaration is a key event for the company and its shareholders, underlining the trust's performance and strategic financial management. As dividends are an essential aspect of the returns investors seek from real estate investment trusts, such announcements are closely monitored by the market.
The company's legal officer and corporate secretary, Matthew Fernand, signed off on the SEC filing, ensuring compliance with regulatory requirements and transparency for investors.
By announcing this dividend, Seritage Growth Properties continues to fulfill its obligations to preferred shareholders, providing them with a predictable income while also potentially enhancing the attractiveness of its shares in the competitive real estate investment market.
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