# SITE Centers Declares $3 Per-Share Distribution After Selling Its JV Stake

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33086
Published: 2026-10-16T06:27:00.000Z
Updated: 2026-10-16T06:27:00.000Z
Section: Business

> The sale of its interests in the Dividend Trust Portfolio joint venture generated about $32.4 million in net proceeds.

SITE Centers Corp. (NYSE: SITC) declared a $3-per-share special cash distribution after selling its interests in the Dividend Trust Portfolio joint venture for about $32.4 million in net proceeds.

SITE Centers shares climbed 11% in after-hours trading Thursday, Oct. 15.