Getty Realty Corp. announces 2024 dividend allocations, totaling $1.80 per share, detailing ordinary income and non-dividend distributions.
Quiver AI Summary
Getty Realty Corp. announced its 2024 dividend distribution allocations on common stock, detailing the amounts that will be reported on Form 1099-DIV. For four distribution periods throughout the year, shareholders will receive a total of $1.80 per share, with $1.228048 classified as ordinary income and $0.571952 as non-dividend distributions. The dividends are set for record and payable dates from late 2023 through October 2024. The company, a publicly traded net lease REIT, specializes in single-tenant retail real estate and owns 1,118 properties across 42 states and Washington, D.C. Shareholders are reminded to consult tax advisors for guidance on tax implications.
Potential Positives
- Getty Realty Corp. has announced a consistent annual dividend distribution of $1.80 per share for 2024, demonstrating stable financial performance and a commitment to returning value to shareholders.
- The company provides a detailed breakdown of dividend allocations, which can help investors make informed tax decisions regarding their investments.
- The announcement reflects the company's operational scale, as it manages a portfolio of 1,118 properties across 42 states and Washington, D.C., highlighting its significant presence in the retail real estate market.
Potential Negatives
- The press release details a dividend allocation that includes significant non-dividend distributions, which could indicate potential financial instability or cash flow issues for the company.
- The tax disclaimer mentions that the information should not be construed as tax advice, which may raise concerns among investors about the clarity and comprehensiveness of the financial information presented.
- The uniform dividend amount across all distribution periods may suggest constraints on growth potential or profitability, which could detract from investor interest.
FAQ
What are the 2024 dividend allocations for Getty Realty Corp?
The 2024 dividend allocations are $1.800000 per share, with ordinary income and non-dividend distributions detailed in the announcement.
When will the 2024 dividends be paid?
The 2024 dividends will be paid on the following dates: January 11, April 11, July 11, and October 10.
How is the 2024 dividend distributed?
The distribution includes $1.228048 as ordinary income and $0.571952 as non-dividend distributions. Capital gains are not reported.
Where can I find more info on Getty Realty Corp?
You can find more information on Getty Realty Corp and its operations on their official website or by contacting investor relations.
Is tax advice provided with the dividend announcement?
No, the announcement includes a tax disclaimer advising shareholders to consult a tax advisor for specific tax consequences.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GTY Hedge Fund Activity
We have seen 128 institutional investors add shares of $GTY stock to their portfolio, and 98 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC added 581,701 shares (+inf%) to their portfolio in Q3 2024, for an estimated $18,503,908
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC added 573,393 shares (+17.8%) to their portfolio in Q3 2024, for an estimated $18,239,631
- MILLENNIUM MANAGEMENT LLC added 559,621 shares (+73.7%) to their portfolio in Q3 2024, for an estimated $17,801,544
- HUDSON BAY CAPITAL MANAGEMENT LP added 328,832 shares (+inf%) to their portfolio in Q3 2024, for an estimated $10,460,145
- VERITION FUND MANAGEMENT LLC added 318,112 shares (+inf%) to their portfolio in Q3 2024, for an estimated $10,119,142
- NFJ INVESTMENT GROUP, LLC added 290,202 shares (+inf%) to their portfolio in Q3 2024, for an estimated $9,231,325
- GHISALLO CAPITAL MANAGEMENT LLC added 250,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $7,952,500
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company’s 2024 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows:
|
Ordinary
Income |
Capital Gains | |||||||||||||||||||||
|
Record
Date |
Payable
Date |
Total 2024
Distributions Per Share (1a + 2a + 3) |
Total
(Box 1a) |
Total
(Box 2a) |
Unrecaptured
Sec 1250 (Box 2b) |
Non
Dividend Distributions (Box 3) |
||||||||||||||||
| 12/28/2023 | 1/11/2024 | $ | 0.450000 | $ | 0.307012 | $ | - | $ | - | $ | 0.142988 | |||||||||||
| 3/28/2024 | 4/11/2024 | $ | 0.450000 | $ | 0.307012 | $ | - | $ | - | $ | 0.142988 | |||||||||||
| 6/27/2024 | 7/11/2024 | $ | 0.450000 | $ | 0.307012 | $ | - | $ | - | $ | 0.142988 | |||||||||||
| 9/26/2024 | 10/10/2024 | $ | 0.450000 | $ | 0.307012 | $ | - | $ | - | $ | 0.142988 | |||||||||||
| Totals | $ | 1.800000 | $ | 1.228048 | $ | - | $ | - | $ | 0.571952 | ||||||||||||
Tax Disclaimer
The information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. You should consult your own tax advisor regarding the specific federal, state, local, foreign and other tax consequences to you regarding your ownership of shares of the Company's common stock.
About Getty Realty Corp.
Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of December 31, 2024, the Company’s portfolio included 1,118 freestanding properties located in 42 states across the United States and Washington, D.C.
| Contact: |
Investor Relations
(646) 349-0598 [email protected] |
