ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE:
PPS), an Atlanta-based real estate investment trust, announced quarterly
dividends on its common stock of $0.40 per share for the fourth quarter of
2014.
The dividend is payable on January 15, 2015 to all common stockholders of
record as of January 2, 2015.
Post also announced regular quarterly dividends on its 8.5
percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for
the fourth quarter of 2014.
The dividend is payable on December 31, 2014 to all
Series A preferred stockholders of record as of December 15, 2014.
In addition, Post announced that its Board of Directors has
adopted a new stock and note repurchase program under which Post may repurchase
up to an aggregate of $200 million of its common stock or preferred stock or
its operating partnership’s senior unsecured notes from time to time until
December 31, 2017. The new stock and note repurchase program replaces a
substantially similar program that is currently set to expire at the end of
2014.
For a complete copy of the company’s news
release, please contact:
Post Properties, Inc.
Chris Papa, 404-846-5000
No comments:
Post a Comment