For each calendar quarter and year indicated, the following table reflects respective high, low and closing sales prices for the  common stock as quoted by the NYSE and the dividends paid per share in each such period. The following table presents the characterizations for tax purposes of such common stock dividends for the years ended  December 31:  NNN intends to pay regular quarterly dividends to its stockholders, although all future distributions will be declared and paid at  the discretion of the Board of Directors and will depend upon cash generated by operating activities, NNN’s financial  condition, capital requirements, annual distribution requirements under the REIT provisions of the Code and such other factors  as the Board of Directors deems relevant. In February 2014, NNN paid dividends to its stockholders of $49,274,000, or $0.405 per share, of common stock. On January 31, 2014, there were 1,852 stockholders of record of common stock. In February 2014, NNN declared a dividend on its Series D and E Preferred Stock of 41.40625 and 35.62500 cents per  depositary share, respectively, payable March 14, 2014.  17 2013 2012 Ordinary dividends $ 1.224568 76.5355% $ 1.199003 76.8592% Qualified dividends 0.056784 3.5490% 0.013346 0.8555% Capital gain — — 0.021358 1.3691% Unrecaptured Section 1250 Gain 0.000650 0.0406% 0.048890 3.1340% Nontaxable distributions 0.317998 19.8749% 0.277403 17.7822% $ 1.600000 100.0000% $ 1.560000 100.0000% 2013 First Quarter Second Quarter Third Quarter Fourth Quarter Year High $ 36.18 $ 41.98 $ 37.74 $ 35.51 $ 41.98 Low 31.43 31.31 30.06 30.01 30.01 Close 36.17 34.40 31.82 30.33 30.33 Dividends paid per share 0.395 0.395 0.405 0.405 1.600 2012 High $ 27.81 $ 28.33 $ 31.82 $ 32.39 $ 32.39 Low 26.30 26.04 28.21 29.98 26.04 Close 27.19 28.29 30.50 31.20 31.20 Dividends paid per share 0.385 0.385 0.395 0.395 1.560