Dividends (Tables)

12 Months Ended

Dec. 31, 2017

Dividends [Abstract]

Schedule of Dividends Declared and Paid

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):

	2017		2016		2015
Dividends	$	277,120	$	257,007	$	228,699
Per share	1.860		1.780		1.710

Common Stock, Dividends Paid

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

	2017		2016		2015
Ordinary dividends	$	1.559781	$	1.513705	$	1.363294
Qualified dividends	—		—		0.019005
Capital gain	0.035041		—		0.007806
Unrecaptured Section 1250 Gain	0.012194		—		0.011055
Nontaxable distributions	0.252984		0.266295		0.308840
	$	1.860000	$	1.780000	$	1.710000

Preferred Stock, Dividends Paid

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)
	2017		2016		2017		2016		2015		2017		2016		2015
Ordinary dividends	$	1.261789	$	0.231111	$	1.383115	$	1.425000	$	1.385670	$	0.303652	$	1.656250	$	1.610538
Qualified dividends	—		—		—		—		0.020141		—		—		0.023409
Capital gain	0.028345		—		0.031071		—		0.007937		0.006821		—		0.009225
Unrecaptured Section 1250 Gain	0.009866		—		0.010814		—		0.011252		0.002374		—		0.013078
Dividend paid per share	$	1.300000	$	0.231111	$	1.425000	$	1.425000	$	1.425000	$	0.312847	$	1.656250	$	1.656250
Dividends declared and paid	$	17,940	$	3,189	$	16,387	$	16,387	$	16,387	$	3,598	$	19,047	$	19,047

⁽¹⁾ The Series D Preferred Stock was redeemed in February 2017. The dividends paid in 2017 include accumulated and unpaid dividends through the redemption date.

⁽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 in October 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.