CommonWealth REIT Keeping Dividend Steady
Oct 9th 2013 2:02PM
Updated Oct 9th 2013 2:55PM
Real estate investment trust CommonWealth has announced plans to keep its quarterly common dividend steady at $0.25. This is the same amount the REIT has paid since November 2012, after cutting its payout 50% from $0.50 per share. The latest common dividend will be payable on Nov. 22 to shareholders of record Oct. 25.
Additionally, CommonWealth REIT will pay Series D and Series E Preferred Dividends of $0.4063 and $0.4531 per share, respectively. Both preferred dividends will be payable on Nov. 15 to shareholders of record as of the close of business on Nov. 15.
On an annualized basis, CommonWealth REIT's common dividend adds to $1.00. As of the stock market's close on Oct. 8, the company was trading at $24.01, which means the REIT currently has a dividend yield of 4.1%.
The article CommonWealth REIT Keeping Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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