ORLANDO, Fla., May 15 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable June 15, 2009, to shareholders of record on May 29, 2009. The dividend represents an annualized rate of $1.84375 per depositary share.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2009, the company owned 1,002 Investment Properties in 44 states with a gross leasable area of approximately 11.3 million square feet. For more information on the company, visit www.nnnreit.com.

SOURCE National Retail Properties, Inc.