Post Properties Announces Quarterly Dividends; Increases Dividend Payout to Common Shareholders by 6.8 Percent

Dave Stockert

ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, declared quarterly dividends on its common stock of $0.47 per share for the first quarter of 2016. 

The dividend is payable on April 15, 2016, to all common shareholders of record as of March 31, 2016.

Said Dave Stockert, CEO and President, “We are pleased to raise the dividend to common shareholders again this year, reflecting the continuing success of our business and a favorable operating environment. 

"With today’s announcement, we expect our annualized rate of common dividends to increase by 6.8 percent to $1.88 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 first quarter of 2016. 

The dividend is payable on March 31, 2016, to all Series A preferred shareholders of record as of March 15, 2016.

For a complete copy of the company’s news release, please contact:

Post Properties, Inc.

Chris Papa, 404-846-5000