SL Green Realty Corp. (SLG) Declares a Monthly Dividend on Common Shares

On May 19, SL Green Realty Corp. (NYSE:SLG) declared a monthly dividend of $0.2575 per share, which was in line with its previous dividend.

SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust (REIT) and Manhattan’s biggest office landlord. The company focuses on acquiring, managing, and enhancing the value of commercial properties across Manhattan.

As a REIT, SL Green Realty Corp. (NYSE:SLG) follows a solid dividend policy, making it an appealing choice for income-focused investors. One key advantage is that it distributes dividends every month. In fact, it has consistently paid regular dividends on its common shares since 1997. Most recently, in December 2024, it increased its monthly dividend by 3%.

As of March 31, 2025, SL Green Realty Corp. (NYSE:SLG) had ownership stakes in 55 buildings, covering a total of 30.8 million square feet. This portfolio included 27.2 million square feet of property located in Manhattan and an additional 2.8 million square feet tied to its debt and preferred equity investments.

Following the latest dividend announcement, the stock is set to trade ex-dividend on May 30. SLG has a dividend yield of 5.29%, as of May 19. The stock has surged by over 11% in the past 12 months.

While we acknowledge the potential of SLG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than SLG and that has 100x upside potential, check out our report about this cheapest AI stock.

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