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| Dave Stockert |
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
$0.36 per share for the first quarter of 2014.
The dividend is payable on April
15, 2014 to all common shareholders of record as of March 31, 2014.
Said Dave Stockert, CEO and President, “We are pleased to be able to
increase the dividend to common shareholders again this year, reflecting
growing earnings and cash flow, and the overall strength of our business.
"With
today’s announcement, we expect our annualized rate of common stock dividends
to rise by 9 percent to $1.44 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 2014. The dividend is
payable on March 31, 2014 to all Series A preferred shareholders of record as
of March 17, 2014.
For a complete copy of the company’s news release, please
contact:
Post Properties, Inc.
Chris Papa, 404-846-5000
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