In August 2020, 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):


	Nine Months Ended September 30,
	2020		2019
Shares of common stock	121,988		309,127
Net proceeds	$	4,458	$	16,481

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 programs:


	2020 ATM	2018 ATM
Established date	August 2020	February 2018
Termination date	August 2023	August 2020
Total allowable shares	17,500,000	12,000,000
Total shares issued as of September 30, 2020	84,501	11,272,034

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


	Nine Months Ended September 30,
	2020		2019
Shares of common stock	1,634,350		2,344,022
Average price per share (net)	$	36.56	$	53.73
Net proceeds	$	59,752	$	125,946
Stock issuance costs(1)	$	1,151	$	1,390
(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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019




Series E preferred stock(1):
Dividends	$	—	$	4,097	$	—	$	12,291
Per depositary share	—		0.356250		—		1.068750

Series F preferred stock(2):
Dividends	4,485		4,485		13,455		13,455
Per depositary share	0.325000		0.325000		0.975000		0.975000

Common stock:
Dividends	89,947		83,935		266,365		245,574
Per share	0.520		0.515		1.550		1.515

(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 October 2020, NNN declared a dividend of $0.52 per share, which is payable in November 2020 to its common stockholders of record as of October 30, 2020.