Dividends

12 Months Ended

Dec. 31, 2014

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:

	2014		2013		2012
Ordinary dividends	$	1.306992	$	1.224568	$	1.199003
Qualified dividends	0.006212		0.056784		0.013346
Capital gain	0.008603		—		0.021358
Unrecaptured Section 1250 Gain	0.015362		0.000650		0.048890
Nontaxable distributions	0.312831		0.317998		0.277403
	$	1.650000	$	1.600000	$	1.560000

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):

	2014		2013		2012
Dividends	$	204,157	$	189,107	$	167,495
Per share	1.650		1.600		1.560

On January 15, 2015, NNN declared a dividend of $0.420 per share, which was paid February 17, 2015 to its common stockholders of record as of January 30, 2015.

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
	2014		2013		2014		2013		2012		2012
Ordinary dividends	$	1.393700	$	0.741150	$	1.619870	$	1.590323	$	1.255844	$	0.502710
Qualified dividends	0.005738		0.030332		0.006670		0.065084		0.013979		0.005596
Capital gain	0.009177		—		0.010666		—		0.022371		0.008956
Unrecaptured Section 1250 Gain	0.016385		0.000393		0.019044		0.000843		0.051209		0.020498
	$	1.425000	$	0.771875	$	1.656250	$	1.656250	$	1.343403	$	0.537760

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):

		2014		2013		2012
Series C Preferred Stock (1):
	Dividends	$	—	$	—	$	1,979
	Per share	—		—		0.537760
Series D Preferred Stock (2):
	Dividends	19,047		19,047		15,449
	Per share	1.656250		1.656250		1.343403
Series E Preferred Stock (3):
	Dividends	16,387		8,876		—
	Per share	1.425000		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 2015, 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 16, 2015.