Equity Residential Increases Dividend 12.7%
Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared dividends on the company's common and preferred shares. A common share dividend for the fourth quarter of $0.7675 per share will be paid on January 11, 2013 to shareholders of record on December 21, 2012. This dividend will bring the total paid for the year to $1.78 per share, a 12.7% increase over the company's previous annual dividend of $1.58 per share. The $1.78 per share equals approximately 65% of the company's currently estimated Normalized Funds from Operations (Normalized FFO) for 2012. The company plans to announce its fourth quarter and full year 2012 operating results on February 5, 2013.
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