ATLANTA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.20 per share for the second quarter of 2011. The dividend is payable on July 15, 2011 to all common shareholders of record as of June 30, 2011. 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 2011. The dividend is payable on June 30, 2011 to all Series A preferred shareholders of record as of June 15, 2011.
Shareholders elected the Board’s nine nominees, voted to approve, on an advisory basis, executive compensation, voted for a one year frequency, on an advisory basis, on the future advisory vote on executive compensation, and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for 2011.
On May 25, 2011, following the Annual Meeting of Shareholders, the Board of Directors determined that future advisory votes on executive compensation will be held on an annual basis.
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