iStar Inc. announced that the Board has suspended the payment of regular quarterly cash dividends on the Company's common stock through the closing of the Company's pending merger with Safehold. As previously announced, the merger agreement requires the Company to repay its senior unsecured notes in connection with the merger, and the suspension of the quarterly cash dividend is intended to expedite the Company's satisfaction of this obligation.
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
19.26 USD | +1.54% | +3.40% | -59.74% |
2023 | IStar Inc.(NYSE:STAR) dropped from S&P 1000 | CI |
2023 | IStar Inc.(NYSE:STAR) dropped from S&P TMI Index | CI |
1st Jan change | Capi. | |
---|---|---|
-59.74% | 663M | |
-15.49% | 12.18B | |
-11.82% | 5.79B | |
-13.79% | 5.1B | |
+7.59% | 4.84B | |
+3.47% | 4.8B | |
-10.53% | 4.74B | |
-13.52% | 4.21B | |
-2.34% | 3.55B | |
-14.50% | 3.16B |
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- IStar Inc. Suspends Quarterly Cash Dividends for the Fourth Quarter of 2022