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SL Green Realty Corporation (NYSE:SLG) Plans Quarterly Dividend of $0.62
SL Green Realty Corporation announced a quarterly dividend of $0.6175 per share, payable April 15th to shareholders of record March 31st, yielding 6.4%. Despite a current negative payout ratio, analysts project future earnings will enable a sustainable payout ratio of about 41.4%. The company’s stock traded at $38.85, significantly below its 12-month high, with analysts giving it a consensus “Hold” rating and a price target of $52.80.