EPR Properties Declares First Quarter Dividend Increase of 5% Per Common Share

Business Wirevia The Motley Fool
Updated

EPR Properties Declares First Quarter Dividend Increase of 5% Per Common Share

Company Anticipates Paying Future Dividends on Common Shares Monthly

KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYS: EPR) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.79 per share for its common shares for the first quarter of 2013. The dividend is payable April 15, 2013 to shareholders of record on March 28, 2013. This dividend represents an annualized dividend of $3.16 per common share, an increase of 5.3% over prior year.


In addition, the Company anticipates paying dividends on its outstanding common shares on a monthly basis beginning in the second quarter of 2013. Accordingly, it is expected that the first monthly dividend will be payable on May 15, 2013 to common shareholders of record on April 30, 2013.

The Company also declared dividends on its three outstanding issues of preferred stock:

  • 5.75% Series C Cumulative Convertible Preferred Shares (NYS: EPRPRC) dividend of $0.359375 per share payable April 15, 2013 to shareholders of record on March 28, 2013

  • 9.00% Series E Cumulative Convertible Preferred Shares (NYS: EPRPRE) dividend of $0.5625 per share payable April 15, 2013 to shareholders of record on March 28, 2013

  • 6.625% Series F Cumulative Redeemable Preferred Shares (NYS: EPRPRF) dividend of $0.4140625 per share payable April 15, 2013 to shareholders of record on March 28, 2013

About EPR Properties

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $3.2 billion and our primary investment segments are Entertainment, Recreation and Education. We adhere to rigorous underwriting and investing criteria centered on key industry and property level cash flow standards. We believe our focused niche approach provides a competitive advantage, and the potential for higher growth and better yields. Further information is available at www.eprkc.com.



EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice President - Corporate Communications
brianm@eprkc.com

KEYWORDS: United States North America Kansas Missouri

INDUSTRY KEYWORDS:

The article EPR Properties Declares First Quarter Dividend Increase of 5% Per Common Share originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement