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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
Schedule of Common Stock Issuances Pursuant to DRIP | The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):
| Nine Months Ended September 30,
| 2020 |  | 2019
Shares of common stock | 121,988 |  |  | 309,127 |
Net proceeds | $ | 4,458 |  |  | $ | 16,481 |
Schedule of ATM Program | The following outlines NNN's ATM programs:
| 2020 ATM | 2018 ATM
Established date | August 2020 | February 2018
Termination date | August 2023 | August 2020
Total allowable shares | 17,500,000 |  | 12,000,000 |
Total shares issued as of September 30, 2020 | 84,501 |  | 11,272,034 |
Schedule of Common Stock Issuances Pursuant to Equity Programs | The following table outlines the common stock issuances pursuant to NNN's ATM equity programs (dollars in thousands, except per share data):
| Nine Months Ended September 30,
| 2020 |  | 2019
Shares of common stock | 1,634,350 |  |  | 2,344,022 |
Average price per share (net) | $ | 36.56 |  |  | $ | 53.73 |
Net proceeds | $ | 59,752 |  |  | $ | 125,946 |
Stock issuance costs(1) | $ | 1,151 |  |  | $ | 1,390 |
(1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.
Schedule of Dividends Declared and Paid | The following table outlines the dividends declared and paid for each issuance of NNN's stock (dollars in thousands, except per share data):
| Quarter Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Series E preferred stock(1): |  |  |  |  |  |  |
Dividends | $ | — |  |  | $ | 4,097 |  |  | $ | — |  |  | $ | 12,291 |
Per depositary share | — |  |  | 0.356250 |  |  | — |  |  | 1.068750 |
Series F preferred stock(2): |  |  |  |  |  |  |
Dividends | 4,485 |  |  | 4,485 |  |  | 13,455 |  |  | 13,455 |
Per depositary share | 0.325000 |  |  | 0.325000 |  |  | 0.975000 |  |  | 0.975000 |
Common stock: |  |  |  |  |  |  |
Dividends | 89,947 |  |  | 83,935 |  |  | 266,365 |  |  | 245,574 |
Per share | 0.520 |  |  | 0.515 |  |  | 1.550 |  |  | 1.515 |
(1)The 5.700% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") was redeemed in October 2019. The dividends paid in 2019 include accumulated and unpaid dividends through, but not including, the redemption date. (2)The 5.200% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series F Preferred Stock is October 2021.

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