ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.25 per share for the second quarter of 2012. The dividend is payable on July 13, 2012 to all common shareholders of record as of June 29, 2012.
Said Dave Stockert (top right photo), CEO and President, “With ongoing strength in our business, and a solid financial position, we are pleased to be able to increase the quarterly rate of dividends to common shareholders by more than 13 percent. With today’s announcement, we expect our annual run-rate of common stock dividends to rise to $1.00 per share.”
Post also announced regular quarterly dividends for its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the second quarter of 2012. The dividend is payable on July 2, 2012 to all Series A preferred shareholders of record as of June 15, 2012.
Shareholders elected the Board’s nine nominees, voted to approve, on an advisory basis, executive compensation, and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for 2012.
Contact:
Post Properties, Inc.
Chris Papa, 404-846-5000
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