NSA Declares $0.0336 Special Dividend Ahead of July 22 Public Storage Merger Close
NSA sits 63% above its 52-week low of $27.43.
Summary
NSA declared a $0.0336 per-share special prorated cash dividend for the July 1–21 period, payable before the expected July 22 merger close with Public Storage. The dividend is contingent on shareholder approval at the July 14 special meeting and completion of the deal. This follows the definitive proxy filing and supplemental disclosures addressing shareholder lawsuits. The NYSE will implement due bill trading, meaning sellers during the record-date tracking period forfeit the dividend right. The merger terms remain 0.14 Public Storage shares per NSA share.
At the time of this announcement, NSA was trading at $44.76 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6B. The 52-week trading range was $27.43 to $46.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.