Fundamental Income Increases Monthly Cash Dividend for the Net Lease Corporate Real Estate ETF by 5.26%
Fundamental Income , a Phoenix-based net lease real estate platform, announced today its Net Lease Corporate Real Estate ETF (NYSE Arca: NETL) will increase the fixed monthly dividend to $0.10 from $0.095, representing a 5.26% increase from its current level and NETL’s second dividend increase in 26 months.
- Fundamental Income , a Phoenix-based net lease real estate platform, announced today its Net Lease Corporate Real Estate ETF (NYSE Arca: NETL) will increase the fixed monthly dividend to $0.10 from $0.095, representing a 5.26% increase from its current level and NETL’s second dividend increase in 26 months.
- The increased dividend will be payable on February 28, 2024 to shareholders of record as of February 27, 2024.
- The February dividend represents the fund’s 34th consecutive monthly dividend after converting from quarterly dividends, and its 43rd consecutive dividend since inception and listing on the NYSE Arca in March 2019.
- “Investing in Net Lease REITs is essentially investing in asset-backed, corporate credit,” said Alexi Panagiotakopoulos, Fundamental Income’s Chief Investment Officer.