The dividend is stable and yields 6.6%, which may support investor interest in a high-quality REIT, but the lack of an increase and emphasis on retained liquidity suggests caution around near-term reinvestment needs. Monitor upcoming asset dispositions and refinancings for use of proceeds.
Price Chart
Executive Summary
SL Green Realty Corp. announced a 2026 annual ordinary dividend of $2.47 per share, payable quarterly starting April 15, 2026, representing a 6.6% yield at the current stock price. The dividend reflects a balance between returning capital to shareholders and retaining liquidity for debt reduction, share repurchases, or development projects.
Key Facts
- Annual ordinary dividend set at $2.47 per share for 2026, paid quarterly ($0.6175 per quarter).
- First dividend payable April 15, 2026, to shareholders of record as of March 31, 2026.
- Dividend equates to a 6.6% yield based on $37.48 stock price.
- Company plans to retain liquidity for discounted debt buybacks, share repurchases, or development.
- Also declared $0.40625 per share dividend on Series I Preferred Stock for Jan 15–Apr 14, 2026 period.
Financial Impact
Annual dividend payout of $2.47 per share, implying approximately $175 million in total cash outflow based on ~70.9 million shares outstanding (inferred from $2.7B market cap at $37.48).
Risk Factors
- Forward-looking statements about occupancy and capital expenditures may not materialize.
- High leasing-related capex expected through 2026 could pressure free cash flow.
- REIT performance is sensitive to interest rates and Manhattan office market dynamics.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3260278 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 10w ago | 8-K | $53.61 $58.10 | ▲ +8.38% | ▲ +5.07% | $49.09 (−8.43%) |
Jun 1, 2026 17w ago | Press Release | $44.74 $51.77 | ▲ +15.71% | ▲ +17.01% | $49.09 (+9.72%) |
Apr 28, 2026 22w ago | Press Release | $43.85 $45.20 | ▲ +3.08% | ▼ −2.38% | $49.09 (+11.95%) |
Apr 16, 2026 24w ago | 8-K | $20.66 $21.89 | ▼ −5.95% | ▼ −0.14% | $49.09 (−137.61%) |
Apr 15, 2026 24w ago | Press Release | $40.81 $43.23 | ▼ −5.93% | ▼ −0.11% | $49.09 (−20.29%) |
Mar 23, 2026 27w ago | Press Release | $38.10 $43.58 | ▲ +14.38% | ▲ +6.96% | $49.09 (+28.84%) |
Mar 17, 2026 28w ago | Press Release | $37.50 $41.63 | ▲ +11.01% | ▲ +6.70% | $49.09 (+30.90%) |
Mar 9, 2026 29w ago | Press Release | $38.47 $37.56 | ▼ −2.35% | ▲ +0.45% | $49.09 (+27.62%) |
Mar 4, 2026 30w ago | 8-K | $39.07 $36.06 | ▼ −7.69% | ▼ −3.90% | $49.09 (+25.66%) |
Mar 2, 2026 30w ago | Press Release | $36.94 $35.26 | ▼ −4.55% | ▲ +3.39% | $49.09 (+32.88%) |
US Market Status
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