Post Properties Announces Quarterly Dividends Increases Dividend Payout to Common Shareholders by 6.8 Percent
24 Febbraio 2016 - 11:00PM
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 $0.47
per share for the first quarter of 2016. The dividend is payable on
April 15, 2016, to all common shareholders of record as of March
31, 2016.
Said Dave Stockert, CEO and President, “We are pleased to raise
the dividend to common shareholders again this year, reflecting the
continuing success of our business and a favorable operating
environment. With today’s announcement, we expect our annualized
rate of common dividends to increase by 6.8 percent to $1.88 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 first quarter of 2016. The dividend is payable on
March 31, 2016, to all Series A preferred shareholders of record as
of March 15, 2016.
About Post Properties
Post Properties, founded more than 40 years ago, is a leading
developer and operator of upscale multifamily communities.
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 24,162 apartment units in 61
communities, including 1,471 apartment units in four communities
held in unconsolidated entities and 2,630 apartment units in seven
communities currently under development or in lease-up.
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Post Properties, Inc.Chris Papa, 404-846-5000
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