Florida East Coast Industries, Inc. Declares Quarterly Dividend
February 22 2007 - 2:09PM
PR Newswire (US)
JACKSONVILLE, Fla., Feb. 22 /PRNewswire-FirstCall/ -- Florida East
Coast Industries, Inc. (NYSE:FLA)(FECI), Board of Directors
declared a quarterly dividend of $.07 per share on all issued and
outstanding common stock, payable on March 22, 2007 to all
shareholders of record as of March 8, 2007. About Florida East
Coast Industries, Inc. Florida East Coast Industries, Inc.,
headquartered in Coral Gables, FL, conducts operations through two
distinct businesses, Flagler Development Group (Flagler), its
commercial real estate arm, and Florida East Coast Railway, L.L.C.
(FECR). Flagler owns, develops, leases and holds in joint ventures,
approximately 8.6 million square feet of Class-A office and
industrial space, as well as an additional 1,851,888 square feet
under construction. Flagler space consists of Class-A office and
industrial properties, primarily in Jacksonville, Orlando, Ft.
Lauderdale and Miami. In addition, Flagler provides construction,
consulting, third party brokerage and property management
(approximately 10.5 million square feet) services and owns and
holds in joint ventures 853 acres of entitled land in Florida,
which is available for development of up to an additional 16.1
million square feet of office, industrial and retail space and
Flagler owns approximately 3,089 acres of other Florida properties.
FECR is a regional freight railroad that operates 351 miles of
mainline track from Jacksonville to Miami and provides intermodal
drayage services at terminals located in Atlanta, Jacksonville, Ft.
Pierce, Ft. Lauderdale and Miami. For more information, visit the
Company's Web site at http://www.feci.com/. DATASOURCE: Florida
East Coast Industries, Inc. CONTACT: Brian J. Nicholson of Florida
East Coast Industries, Inc., +1-904-996-2818 Web site:
http://www.feci.com/
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