Post Properties Announces Quarterly Dividends Increases Dividend Payout to Common Shareholders by 11 Percent & Announces Annu...
08 Maggio 2014 - 9:26PM
Business Wire
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced that at a meeting earlier today,
the Board declared quarterly dividends on its common stock of $0.40
per share for the second quarter of 2014. The dividend is payable
on July 15, 2014, to all common shareholders of record as of June
30, 2014.
Said Dave Stockert, CEO and President, “We are pleased to raise
the dividend to common shareholders, to reflect the strength of our
business, and consistent with our capital allocation plans. With
today’s announcement, we expect our annualized rate of common
dividends to increase to $1.60 per share.”
Post also announced regular quarterly dividends for its 8.5
percent Series A Cumulative Redeemable Preferred Stock of $1.0625
per share for the second quarter of 2014. The dividend is payable
on June 30, 2014, to all Series A preferred shareholders of record
as of June 16, 2014.
The Company also announced that at its Annual Meeting held
earlier today, shareholders elected the Board’s eight nominees,
voted to approve, on an advisory basis, executive compensation,
voted to adopt the 2015 non-qualified employee stock purchase plan,
and ratified the appointment of Deloitte & Touche LLP as the
Company’s independent registered public accountants for 2014.
About Post Properties
Post Properties, founded more than 40 years ago, is a leading
developer and operator of upscale multifamily communities. The
Company’s mission is delivering superior satisfaction and value to
its residents, associates, and investors, with a vision of being
the first choice in quality multifamily living. Operating as a real
estate investment trust (“REIT”), the Company focuses on developing
and managing Post® branded high density urban and resort-style
garden apartments. Post Properties is headquartered in Atlanta,
Georgia, and has operations in ten markets across the country.
Post Properties has interests in 22,208 apartment units in 59
communities, including 1,471 apartment units in four communities
held in unconsolidated entities and 1,620 apartment units in five
communities currently under development or in lease-up.
Post Properties, Inc.Chris Papa, 404-846-5000
Grafico Azioni Post Properties (NYSE:PPS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Post Properties (NYSE:PPS)
Storico
Da Lug 2023 a Lug 2024