Post Properties Announces Quarterly Dividends
15 Settembre 2004 - 10:21PM
PR Newswire (US)
Post Properties Announces Quarterly Dividends ATLANTA, Sept. 15
/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
third quarter of 2004. The Company's annual dividend rate is $1.80
per common share. The dividend is payable on October 15, 2004 to
all common stock shareholders of record as of September 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 and its
7-5/8 percent Series B Cumulative Redeemable Preferred Stock. 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 third quarter. The dividend is payable on September 30, 2004 to
all Series A preferred stock shareholders of record as of September
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 third quarter. The dividend is payable
on September 30, 2004 to all Series B preferred stock shareholders
of record as of September 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
24,700 apartment homes in 65 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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