Market Overview

Equity Residential Increases Dividend 12.7%

Related EQR
Smart Beta REIT ETF: The New S&P Equal-Weight Real Estate Index
Worst Performing Industries For June 23, 2015

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.

Posted-In: News Dividends


Related Articles (EQR)

Get Benzinga's Newsletters