First Industrial Declares Regular and Preferred Dividends
Industrial real estate owner First Industrial announced yesterday its second-quarter dividend of $0.085 per share/unit, the same rate it paid last quarter when it reinstated its dividend after a four-year hiatus.
The quarterly dividend is payable on July 15 to the holders of record at the close of business on June 28. The company also declared a dividend of $0.45313 per depositary share on its 7.25% Series K cumulative redeemable preferred stock, which trades on the NYSE under the symbol FR-PrK, that is payable on July 1 to stockholders of record on June 14.
The regular dividend payment equates to a $0.34-per-share annual dividend yielding 1.9% based on the closing price of First Industrial's stock on May 9.
The article First Industrial Declares Regular and Preferred Dividends originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.