A cash payout of 61.75 cents per share is headed to qualifying SLG stockholders, with the payment scheduled for October 15, 2026. A dividend is the term for a direct cash distribution a company sends to the people who hold its stock, separate from any movement in the share price itself. SLG has put this payment on a quarterly schedule, which means the company intends to repeat the cycle roughly four times a year.
The dates that determine who qualifies
Two dates precede the October payment, and both land on the same calendar day: September 30, 2026. Understanding each one tells you whether you are in line for the cash.
The first is the ex-dividend date. Here is what that means: an investor who purchases SLG shares on September 30 or any day after will not receive this payment. Eligibility requires owning the shares before that cutoff. The rule exists because of settlement. When you buy a stock, the transaction does not finalize instantly. Shares travel through a clearing process before the transfer is complete, and the ex-dividend date is set to ensure only settled positions appear in the company's records when it checks.
The second is the record date, also September 30. That is the moment SLG looks at its official shareholder registry and notes who qualifies. The record date and the ex-dividend date falling on the same day is standard practice in corporate dividend administration, and the two function here as a single effective cutoff.
The payment window
Once September 30 passes, SLG has until October 15 to process its shareholder list and send the cash out. That window covers fifteen days.
The quarterly label on this declaration signals the company's intent to continue distributing on that cadence. Future amounts depend on the board's decision at the time of each announcement. For shareholders who hold their position through the September 30 cutoff, the declared amount of $0.6175 per share is due on October 15.