Essex Announces Its 20th Consecutive Annual Dividend Increase
June 11 2014 - 4:01PM
Marketwired
Essex Announces Its 20th Consecutive Annual Dividend Increase
PALO ALTO, CA--(Marketwired - Jun 11, 2014) - Essex Property
Trust, Inc. (NYSE: ESS) announced today its Board of Directors has
approved a $0.36 per share annualized increase to its regular cash
dividend. The second quarter dividend distribution, payable on
July 15, 2014 to shareholders of record as of June 30, 2014, will
be $1.30 per share. The declared dividend represents a 7%
increase over the Company's prior quarterly dividend of $1.21 per
share. On an annualized basis, the dividend represents a
distribution of $5.20 per common share.
The Board of Directors has also declared regular quarterly
distribution for its Series H Preferred Stock for the second
quarter of 2014 in the amount of $0.44531 per share. The preferred
dividend is payable on July 15, 2014 to Series H preferred
stockholders of record on July 1, 2014.
About Essex Property
Trust, Inc. Essex Property Trust, Inc., an S&P 500
company, is a fully integrated real estate investment trust (REIT)
that acquires, develops, redevelops, and manages multifamily
residential properties in selected West Coast markets. Essex
currently has ownership interests in 234 apartment communities with
an additional 14 properties in various stages of active
development. Additional information about Essex can be found on the
Company's web site at www.essexpropertytrust.com.
Contact
Information Barb Pak Director of Investor Relations (650)
494-3700 bpak@essex.com
Essex Property (NYSE:ESS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Essex Property (NYSE:ESS)
Historical Stock Chart
From Apr 2023 to Apr 2024
