ORLANDO, FL, Oct. 15, 2009 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 37.5 cents per share payable November 16, 2009 to common shareholders of record on October 30, 2009. The dividend represents an annualized rate of $1.50 per share. This dividend payment marks the twentieth consecutive annual dividend increase for National Retail Properties. Only 156 publicly traded companies in America have increased annual dividends paid to shareholders for 20 or more consecutive years. This quarterly dividend payment brings the total dividend paid for 2009 to $1.50 per share, representing a 1.4% increase over $1.48 per share paid in 2008.
"We're proud to reach our twentieth consecutive year of increased annual dividend payments," said (Craig Macnab, top right photo) Chairman and Chief Executive Officer. "Less than 2% of all public companies in America have achieved this milestone. In an environment when many companies have cut or suspended dividend payments, a consistent and increasing dividend is extremely important to our shareholders."
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2009, the company owned 999 Investment properties in 44 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit http://www.nnnreit.com/.Contact: Kevin B. Habicht, (bottom left photo) Chief Financial Officer of National Retail Properties, Inc., +1-407-265-7348
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