Inland Real Estate Sets August Preferred Dividend
Midwest retail shopping center operator Inland Real Estateannounced today that it set its monthly disbursement for August on its 8.125% Series A cumulative redeemable preferred stock at $0.169271 per share.
The board of directors said the dividend is payable on Aug. 15 to the holders of record at the close of business on Aug. 1. The Series A preferred stock trades on the NYSE under the symbol IRC.PRA.
Inland Real Estate also pays a regular monthly dividend on its common shares of $0.0475 that equates to a $0.57-per-share annual dividend, yielding 5.3% based on the closing price today of its stock.
The article Inland Real Estate Sets August Preferred Dividend originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.