Post merger dividend for Spirit Realty Capital Inc (NYSE:SRC) goes up by 4%


Dallas, Texas 09/10/2013 (Financialstrend) – The Spirit Realty Capital Inc (NYSE:SRC) is the real estate investment trust who have been working in a self administered manner. Moreover the company is also self managed and has been operating in the market for many years. The main business line of the investment for the company lies in the single tenant real estate needs. These operations are carries out throughout the whole of United States of America. The single tenants are given the rent on a long term basis and the main area of engagement for them is that of the retail and service as well as distribution activities involved.

The Company

Recently on 5th September, 2013 they have declared their post merger cash dividend. The company went on a merger with the Cole Credit Property Trust II, Inc (Cole II) the cash dividend is for the third quarter of this year in 2013. Along with that in the announcement they have also provided about the information on the AFFO guidance of 2014 in relation to their recent merger. When compared to that of the pre merger rate then it can be seen that the post merger dividend rate has been increased by a level of about four percent (4%). This can surly prove to be good news for the shareholders of the Spirit Reality Capital Inc.

The amount

The amount of dividend that was announced by the share holders of the company is that of %0.001783. This is the amount for the per share daily cash dividend. This amount is for the period from that of 17th July, 2013 trough that of September 30th, 2013. The day for payment of the dividends had been decided to be on 15th October, 2013 as the close of the business will be on September 13th 2013.

So, people who are looking forward to have an investment in the share of this company can have a thought of materializing that.