News Column

Home Properties Declares Dividend

February 6, 2014

Home Properties announced a $0.03 per share increase to its regular quarterly cash dividend on common shares. In a release on February 3 , the Company noted that the increase of 4.3 percent raises the quarterly dividend from $0.70 per share to $0.73 per share for the quarter ended December 31, 2013 . The dividend is payable on February 25 , to shareholders of record on February 13 , and is equivalent to an annualized rate of $2.92 per share. The current annual dividend represents a 5.2 percent yield based on the January 31 , closing price of $55.75 . Home Properties' common stock will begin trading ex-dividend on February 11, 2014 . "The Board of Directors increased the quarterly dividend based on solid operating and financial results in 2013 and its expectations that trend will continue in 2014," said Edward J. Pettinella , Home Properties' President and Chief Executive Officer. Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in suburbs of major metropolitan areas in selected Northeast and Mid-Atlantic markets. More information: www.homeproperties.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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