CapLease Keeps Dividend Steady
Commercial property real estate investment trust CapLeaseannounced yesterday its second-quarter dividend of $0.0775 per limited partnership unit, the same rate it paid last quarter after raising the payout 3%, from $0.075 per share.
The board of directors also announced that it was paying dividends for the second quarter on three series of preferred shares as follows:
- $0.5078125 per share on its 8.125% Series A cumulative redeemable preferred stock
- $0.5234375 per share of 8.375% Series B Cumulative Redeemable Preferred Stock
- $0.453125 per share of 7.25% Series C Cumulative Redeemable Preferred Stock
The board said all the quarterly dividends are payable on July 15 to the holders of record at the close of business on June 28.
The regular dividend payment equates to a $0.31-per-share annual dividend, yielding 3.6% based on the closing price of CapLease's stock on June 12.
The article CapLease Keeps Dividend Steady 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.
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