Douglas Emmett Keeps Dividend Steady
Sep 4th 2013 9:43PM
Updated Sep 4th 2013 9:44PM
Real estate investment trust Douglas Emmett announced today its third-quarter dividend of $0.18 per share, the same rate it's paid for the past three quarters after raising the payout 20% from $0.15 per share.
The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 30. The regular dividend payment equates to a $0.72-per-share annual dividend, yielding 3.1% based on the closing price today of Douglas Emmett's stock.
The article Douglas Emmett Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.