Real estate investment trust Post Properties (NYSE:PPS) announced today its third-quarter dividend of $0.33 per share, the same rate it paid to investors last quarter after hiking the payout 32% from $0.25 per share.
The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 30.
The board also declared second-quarter dividends for its 8.5% Series A cumulative redeemable preferred stock in the amount of $1.0625 per share, payable on Sept. 30 to shareholders of record as of Sept. 16.
The regular dividend payment equates to a $1.32-per-share annual dividend, yielding 2.6% based on the closing price today of Post Properties' stock.
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