Campus Crest Communities, Inc. announced that its Board of Directors declared its first quarter of 2014 common stock dividend of $0.165 per share.
In a release on January 28, the Company noted that based on a closing price of $9.14 on January 27, the annualized dividend yield is 7.2 percent. The dividend is payable on April 9, to stockholders of record as of March 26.
The Board of Directors also declared a cash dividend of $0.50 per Series A Cumulative Redeemable Preferred Share for the first quarter of 2014. The preferred share dividend is payable on April 15, to stockholders of record as of March 26.
Campus Crest Communities, Inc. is a developer, builder, owner and manager of student housing properties located close to college campuses in targeted markets.
((Comments on this story may be sent to firstname.lastname@example.org))