Dividends

12 Months Ended

Dec. 31, 2013

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:

	2013		2012		2011
Ordinary dividends	$	1.224568	$	1.199003	$	1.088228
Qualified dividends	0.056784		0.013346		—
Capital gain	—		0.021358		—
Unrecaptured Section 1250 Gain	0.000650		0.048890		—
Nontaxable distributions	0.317998		0.277403		0.441772
	$	1.600000	$	1.560000	$	1.530000

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):

	2013		2012		2011
Dividends	$	189,107	$	167,495	$	133,720
Per share	1.600		1.560		1.530

On January 15, 2014, NNN declared a dividend of $0.405 per share, which was paid February 14, 2014 to its common stockholders of record as of January 31, 2014.

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

	Series E		Series D				Series C
	2013		2013		2012		2012		2011
Ordinary dividends	$	0.741150	$	1.590323	$	1.255844	$	0.502710	$	1.843750
Qualified dividends	0.030332		0.065084		0.013979		0.005596		—
Capital gain	—		—		0.022371		0.008956		—
Unrecaptured Section 1250 Gain	0.000393		0.000843		0.051209		0.020498		—
	$	0.771875	$	1.656250	$	1.343403	$	0.537760	$	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):

		2013		2012		2011
Series C Preferred Stock (1):
	Dividends	$	—	$	1,979	$	6,785
	Per share	—		0.537760		1.843750
Series D Preferred Stock (2):
	Dividends	19,047		15,449		—
	Per share	1.656250		1.343403		—
Series E Preferred Stock (3):
	Dividends	8,876		—		—
	Per share	0.771875		—		—

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.

³⁾ The Series E Preferred Stock dividends paid during the quarter ended September 30, 2013 include accumulated and unpaid dividends from the issuance date through the declaration date. The Series E Preferred Stock has no maturity date and will remain outstanding unless redeemed.

In February 2014, NNN declared a dividend on its Series D and E Preferred Stock of 41.40625 and 35.62500 cents per depositary share, respectively, payable March 14, 2014.