Home Properties Raises Qtr. Dividend from $0.66 to $0.70/Share
Home Properties (NYSE: HME) today announced a $0.04 per share increase to its regular quarterly cash dividend on common shares. The increase of 6.1% raises the quarterly dividend from $0.66 per share to $0.70 per share for the quarter ended December 31, 2012. The dividend is payable on February 26, 2013 to shareholders of record on February 14, 2013 and is equivalent to an annualized rate of $2.80 per share. The current annual dividend represents a 4.6% yield based on the Friday, February 1, 2013 closing price of $60.90. Home Properties' common stock will begin trading ex-dividend on February 12, 2013.
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