Post Properties Announces Quarterly Dividends
27 Maggio 2004 - 7:38PM
PR Newswire (US)
Post Properties Announces Quarterly Dividends ATLANTA, May 27
/PRNewswire-FirstCall/ -- Post Properties, Inc. (NYSE:PPS), an
Atlanta-based real estate investment trust, today announced
quarterly dividends on its common stock of $0.45 per share for the
second quarter of 2004. The Company's annual dividend rate is $1.80
per common share. The dividend is payable on July 15, 2004 to all
common stock shareholders of record as of June 30, 2004. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040514/POSTPLOGO ) Post also
announced regular quarterly dividends for its 8-1/2 percent Series
A Cumulative Redeemable Preferred Stock, its 7-5/8 percent Series B
Cumulative Redeemable Preferred Stock, and its 8 percent Series D
Preferred Units. On its 8-1/2 percent Series A Cumulative
Redeemable Preferred Stock, Post declared a regular quarterly
dividend of $1.0625 per share for the second quarter. The dividend
is payable on June 30, 2004 to all Series A preferred stock
shareholders of record as of June 15, 2004. On its 7-5/8 percent
Series B Cumulative Redeemable Preferred Stock, Post declared a
regular quarterly dividend of $0.47656 per share for the second
quarter. The dividend is payable on June 30, 2004 to all Series B
preferred stock shareholders of record as of June 15, 2004. On its
8 percent Series D Preferred Units, Post declared a regular
quarterly distribution of $0.50 per unit for the period June 1,
2004 through August 31, 2004, payable on September 1, 2004 to all
Series D Preferred unitholders of record as of August 15, 2004.
Post Properties, founded more than 30 years ago, is one of the
largest developers and operators of upscale multifamily communities
in the United States. The Company's mission is delivering superior
satisfaction and value to its residents, associates, and investors.
Operating as a real estate investment trust (REIT), the Company
focuses on developing and managing Post(R) branded resort-style
garden apartments and high density urban apartments with a vision
of being the first choice in quality multifamily living. Post
Properties is headquartered in Atlanta, Georgia, and has operations
in 10 markets across the country. Nationwide, Post Properties owns
approximately 27,683 apartment homes in 71 communities, including
666 apartment homes held in three unconsolidated joint ventures.
http://www.newscom.com/cgi-bin/prnh/20040514/POSTPLOGO
http://photoarchive.ap.org/ DATASOURCE: Post Properties, Inc.
CONTACT: Janie Maddox of Post Properties, Inc., +1-404-846-5056 Web
site: http://www.postproperties.com/
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