Boston Properties Increases Regular Quarterly Dividend by 15.4%
December 19 2016 - 8:43AM
Business Wire
Boston Properties, Inc. (NYSE: BXP), a real estate investment
trust, announced today that its Board of Directors declared a
regular quarterly cash dividend of $0.75 per share of common stock
for the period October 1, 2016 to December 31, 2016 payable on
January 30, 2017 to shareholders of record as of the close of
business on December 30, 2016. This represents an increase of
15.4%, or $0.10 per share, over the most recent quarterly cash
dividend of $0.65 per share.
The Board of Directors also declared a regular quarterly cash
dividend for the Company’s 5.25% Series B Cumulative Redeemable
Preferred Stock (the “Series B Preferred Stock”). The cash dividend
of $0.328125 per depositary share is payable on February 15, 2017
to shareholders of record as of the close of business on February
3, 2017 and covers the period from November 16, 2016 to February
15, 2017. Each depositary share represents 1/100th of a share of
Series B Preferred Stock.
Boston Properties is a fully integrated real estate investment
trust that develops, redevelops, acquires, manages, operates and
owns a diverse portfolio of primarily Class A office space totaling
47.7 million square feet and consisting of 164 office properties
(including 6 properties under construction) five retail properties,
four residential properties (including two properties under
construction) and one hotel. The Company is one of the largest
owners and developers of Class A office properties in the United
States, concentrated in five markets - Boston, Los Angeles, New
York, San Francisco and Washington, DC.
For more information about Boston Properties, please visit the
Company’s web site at www.bostonproperties.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161219005628/en/
Boston Properties, Inc.Mike LaBelle, 617-236-3352Executive Vice
PresidentChief Financial OfficerorArista Joyner,
617-236-3343Investor Relations Manager
Boston Properties (NYSE:BXP)
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