ORLANDO, Fla., July 14 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. , an equity real estate investment trust, declared a quarterly dividend of 33.5 cents per share payable August 15, 2006 to common shareholders of record on July 31, 2006. The dividend represents a 3.1% increase in the quarterly dividend rate and an annualized rate of $1.34 per share. The Company has paid increased annual dividends per share for 16 consecutive years and is one of only 198 publicly traded companies in America that has increased annual dividends paid to shareholders for 16 or more consecutive years. Based on the closing price of $20.21 on July 14, 2006 and an annualized dividend rate of $1.34 per share, the current dividend yield is 6.6%.
National Retail invests primarily in high-quality properties subject generally to long-term, net leases with retail tenants such as Barnes & Noble, Best Buy, Circle K (Susser), CVS and Uni-Mart. As of March 31, 2006, the company owned 564 investment properties in 41 states with a gross leasable area of approximately 9.3 million square feet. These investment properties are leased to 178 corporations in 62 industry classifications.
