SITE Centers Corp’s (SITC) Special Dividend Boosts Investor Income in 2025

SITE Centers Corp. (NYSE:SITC) is included among the 14 Stocks that Paid Special Dividends in 2025.

SITE Centers Corp's (SITC) Special Dividend Boosts Investor Income in 2025

Aerial view of a shopping plaza, showcasing the expansive nature of the real estate company.

In June, SITE Centers Corp. (NYSE:SITC) announced that it has completed the sale of The Promenade at Brentwood in Missouri for $71.6 million and Chapel Hills West in Colorado Springs for $23.7 million, before accounting for closing costs, prorations, and other adjustments. Part of the net proceeds was used to pay down $13.9 million in mortgage debt.

In addition, SITE Centers Corp. (NYSE:SITC)’s Board of Directors declared a special cash distribution of $1.50 per common share. The company stopped paying regular dividends in 2024.

SITE Centers Corp. (NYSE:SITC) owns and manages open-air shopping centers mainly situated in suburban areas with high household incomes. The company operates as a fully integrated real estate investment trust (REIT) that is both self-managed and self-administered.

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