In February 2018, NNN filed a shelf registration statement with the Securities and Exchange Commission (the "Commission") which permits the issuance by NNN of an indeterminate amount of debt and equity securities.

Dividend Reinvestment and Stock Purchase Plan – In February 2018, NNN filed a shelf registration statement with the Commission for its Dividend Reinvestment and Stock Purchase Plan ("DRIP") which permits the issuance by NNN of up to 10,000,000 shares of common stock. The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):


	Six Months Ended June 30,
	2020		2019
Shares of common stock	33,246		137,316
Net proceeds	$	1,321	$	7,166

At-The-Market Offerings – NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following outlines NNN's ATM program:


			2018 ATM
Established date			February 2018
Termination date			February 2021
Total allowable shares			12,000,000
Total shares issued as of June 30, 2020			11,140,162

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs (dollars in thousands, except per share data):


	Six Months Ended June 30,
	2020		2019
Shares of common stock	1,417,977		1,495,548
Average price per share (net)	$	36.68	$	53.52
Net proceeds	$	52,018	$	80,046
Stock issuance costs⁽¹⁾	$	746	$	766
⁽¹⁾ Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

Dividends – The following table outlines the dividends declared and paid for each issuance of NNN's stock (dollars in thousands, except per share data):


	Quarter Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019




Series E preferred stock⁽¹⁾:
Dividends	$	—	$	4,096	$	—	$	8,194
Per depositary share	—		0.356250		—		0.712500

Series F preferred stock⁽²⁾:
Dividends	4,485		4,485		8,970		8,970
Per depositary share	0.325000		0.325000		0.650000		0.650000

Common stock:
Dividends	88,270		81,074		176,418		161,639
Per share	0.515		0.500		1.030		1.000

⁽¹⁾The 5.700% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") was redeemed in October 2019. The dividends paid in 2019 include accumulated and unpaid dividends through, but not including, the redemption date.

⁽²⁾The 5.200% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") 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.

In July 2020, NNN declared a dividend of $0.52 per share, which is payable in August 2020 to its common stockholders of record as of July 31, 2020.