Dividends

12 Months Ended

Dec. 31, 2016

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:

	2016		2015		2014
Ordinary dividends	$	1.513705	$	1.363294	$	1.306992
Qualified dividends	—		0.019005		0.006212
Capital gain	—		0.007806		0.008603
Unrecaptured Section 1250 Gain	—		0.011055		0.015362
Nontaxable distributions	0.266295		0.308840		0.312831
	$	1.780000	$	1.710000	$	1.650000

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):

	2016		2015		2014
Dividends	$	257,007	$	228,699	$	204,157
Per share	1.780		1.710		1.650

On January 17, 2017, NNN declared a dividend of $0.455 per share, payable February 15, 2017 to its common stockholders of record as of January 31, 2017.

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

	Series F(3)		Series E(2)						Series D(1)
	2016		2016		2015		2014		2016		2015		2014
Ordinary dividends	$	0.231111	$	1.425000	$	1.385670	$	1.393700	$	1.656250	$	1.610538	$	1.619870
Qualified dividends	—		—		0.020141		0.005738		—		0.023409		0.006670
Capital gain	—		—		0.007937		0.009177		—		0.009225		0.010666
Unrecaptured Section 1250 Gain	—		—		0.011252		0.016385		—		0.013078		0.019044
Dividend paid per share	$	0.231111	$	1.425000	$	1.425000	$	1.425000	$	1.656250	$	1.656250	$	1.656250
Dividends declared and paid	$	3,189	$	16,387	$	16,387	$	16,387	$	19,047	$	19,047	$	19,047

⁽¹⁾ In January 2017, NNN called for redemption of all outstanding shares of its Series D Preferred Stock represented by depositary shares, each representing a 1/100th interest in a Series D Preferred Stock share. The depositary shares will be redeemed on February 23, 2017.

⁽²⁾ The Series E Preferred Stock has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series E Preferred Stock is May 2018.

⁽³⁾ The Series F Preferred Stock was issued October 11, 2016 and has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series F preferred stock is October 2021.