Dividends

12 Months Ended

Dec. 31, 2012

Dividends [Abstract]

Dividends

Dividends:

The following presents the characterization for tax purposes of common stock dividends per share paid to stockholders for the years ended December 31:

	2012		2011		2010
Ordinary dividends	$	1.199003	$	1.088228	$	1.072446
Qualified dividends	0.013346		—		0.081661
Capital gain	0.021358		—		0.000861
Unrecaptured Section 1250 Gain	0.048890		—		0.000498
Nontaxable distributions	0.277403		0.441772		0.354534
	$	1.560000	$	1.530000	$	1.510000

The following table outlines the dividends declared and paid for NNN's common stock for the years ended December 31 (in thousands, except per share data):

	2012		2011		2010
Dividends	$	167,495	$	133,720	$	125,391
Per share	1.560		1.530		1.510

On January 15, 2013, NNN declared a dividend of $0.395 per share, which is payable February 15, 2013 to its common stockholders of record as of January 31, 2013.

The following presents the characterization for tax purposes of Series C and D Preferred Stock dividends per share paid to stockholders for the year ended December 31:

	Series D		Series C
	2012		2012		2011		2010
Ordinary dividends	$	1.255844	$	0.502710	$	1.843750	$	1.703170
Qualified dividends	0.013979		0.005596		—		0.140580
Capital gain	0.022371		0.008956		—		—
Unrecaptured Section 1250 Gain	0.051209		0.020498		—		—
	$	1.343403	$	0.537760	$	1.843750	$	1.843750

The following table outlines the dividends declared and paid for NNN's preferred stock for the years ended December 31(in thousands, except per share data):

		2012		2011		2010
Series C Preferred Stock (1):
	Dividends	$	1,979	$	6,785	$	6,785
	Per share	0.5378		1.8438		1.8438
Series D Preferred Stock (2):
	Dividends	15,449		—		—
	Per share	1.3434		—		—

¹⁾ The Series C Preferred Stock was redeemed in March 2012. The dividends paid during the quarter ended March 31, 2012 include accumulated and unpaid dividends through the redemption date.

²⁾ The Series D Preferred Stock dividends paid during the quarter ended June 30, 2012 include accumulated and unpaid dividends from the issuance date through the declaration date. The Series D Preferred Stock has no maturity date and will remain outstanding unless redeemed.

In February 2013, NNN declared a dividend on its Series D Preferred Stock of 41.40625 cents per depositary share payable March 15, 2013.