General Growth Properties Declares Fresh Dividends
May 14th 2013 10:58AM
Updated May 14th 2013 11:50AM
General Growth Properties is putting some of its cash in shareholder pockets.
The company this week announced dividends for two classes of its securities. The first is a distribution of $0.12 per share of its common stock. This will be handed out on July 30 to shareholders of record as of July 16. That amount matches the REIT's previous disbursement, which was paid in late April. Prior to that, GGP distributed $0.11 per share.
Holders of the company's 6.375% series A preferred stock, meanwhile, are to receive $0.3984 per share. The payment date is July 1 for shareholders of record as of June 14.
The common stock dividend annualizes to $0.48 per share. That yields 2.1% at GGP's most recent closing price of $22.86.
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