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| 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
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