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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
Stockholders' Equity | Stockholders' Equity: In August 2020, NNN filed a shelf registration statement with the Securities and Exchange Commission (the "Commission") which permits the issuance by NNN of an indeterminate amount of debt and equity securities. At-The-Market Offerings – Under NNN's shelf registration statement, NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. 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 March 31, 2021 | 1,599,304 |  | 11,272,034 |
The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the quarter ended March 31, 2021 (dollars in thousands, except per share data):
| 2021 |  |
Shares of common stock | 30,000 |  |  |
Average price per share (net) | $ | 38.59 |  |  |
Net proceeds | $ | 1,158 |  |  |
Stock issuance costs(1) | $ | 75 |  |  |
(1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.
There were no common stock issuances pursuant to NNN's ATM equity program for the quarter ended March 31, 2020. Dividend Reinvestment and Stock Purchase Plan – In February 2021, NNN filed a shelf registration statement with the Commission for its Dividend Reinvestment and Stock Purchase Plan ("DRIP") which permits the issuance by NNN of up to 6,000,000 shares of common stock. The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):
| Quarter Ended March 31,
| 2021 |  | 2020
Shares of common stock | 15,769 |  |  | 12,528 |
Net proceeds | $ | 569 |  |  | $ | 696 |
Dividends – 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 March 31, |  |
| 2021 |  | 2020 |  |  |  |
Series F preferred stock(1): |  |  |  |  |  |  |
Dividends | $ | 4,485 |  |  | $ | 4,485 |  |  |  |  |
Per depositary share | 0.3250 |  |  | 0.3250 |  |  |  |  |
Common stock: |  |  |  |  |  |  |
Dividends | 90,848 |  |  | 88,148 |  |  |  |  |
Per share | 0.5200 |  |  | 0.5150 |  |  |  |  |
(1)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. In April 2021, NNN declared a dividend of $0.5200 per share, which is payable in May 2021 to its common stockholders of record as of April 30, 2021.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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