Business and Finance Business and Finance
Wed, May 30, 2012

Post Properties Announces Quarterly Dividends, Increases Dividend Payout to Common Shareholders and Announces Annual Shareholde


Published on 2012-05-30 09:45:35 - Market Wire
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ATLANTA--([ ])--Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.25 per share for the second quarter of 2012. The dividend is payable on July 13, 2012 to all common shareholders of record as of June 29, 2012.

"With ongoing strength in our business, and a solid financial position, we are pleased to be able to increase the quarterly rate of dividends to common shareholders by more than 13 percent. With todayas announcement, we expect our annual run-rate of common stock dividends to rise to $1.00 per share."

Said Dave Stockert, CEO and President, aWith ongoing strength in our business, and a solid financial position, we are pleased to be able to increase the quarterly rate of dividends to common shareholders by more than 13 percent. With todayas announcement, we expect our annual run-rate of common stock dividends to rise to $1.00 per share.a

Post also announced regular quarterly dividends for its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the second quarter of 2012. The dividend is payable on July 2, 2012 to all Series A preferred shareholders of record as of June 15, 2012.

Shareholders elected the Boardas nine nominees, voted to approve, on an advisory basis, executive compensation, and ratified the appointment of Deloitte & Touche LLP as the Companyas independent registered public accountants for 2012.

About Post Properties

Post Properties, founded more than 40 years ago, is a leading developer and operator of upscale multifamily communities. The Companyas mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust (aREITa), the Company focuses on developing and managing Post branded resort-style garden and high density urban apartments. Post Properties is headquartered in Atlanta, Georgia, and has operations in ten markets across the country.

Post Properties has interests in 21,622 apartment units in 58 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,810 apartment units in six communities currently under development. The Company is also selling luxury for-sale condominium homes in two communities through a taxable REIT subsidiary.

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