CHARLOTTE, N.C.--(BUSINESS WIRE)--
Campus Crest Communities, Inc. (NYSE: CCG) announced that its Board of
Directors declared its third quarter of 2014 common stock dividend of
$0.165 per share. Based on a closing price of $8.99 on July 21, 2014,
the annualized dividend yield is 7.3%. The dividend is payable on
October 8, 2014 to stockholders of record as of September 24, 2014.
The Board of Directors also declared a cash dividend of $0.50 per Series
A Cumulative Redeemable Preferred Share for the third quarter of 2014.
The preferred share dividend is payable on October 15, 2014 to
stockholders of record as of September 24, 2014.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder, owner
and manager of high-quality student housing properties located close to
college campuses in targeted markets. Pro forma for the Copper Beech
restructure, the Company has ownership interests in 80 student housing
properties and over ~43,000 beds across North America, of which 70 are
operating and 10 are development or redevelopment properties. The
Company is an equity REIT that differentiates itself through its
vertical integration and consistent branding across the portfolio
through three unique brands targeting different segments of the college
student population. The GroveŽ brand offers more traditional apartment
floor plans and focuses on customer service, privacy, on-site amenities
and a proprietary residence life program. The Copper Beech brand and
townhome product offers more residential-type living to students looking
for a larger floor plan with a front door and back porch. The evo brand
provides urban students with a luxury student housing option with all
the conveniences of city living. Additional information can be found on
the Company's website at http://www.campuscrest.com/.
Forward-looking statements involve risks and uncertainties. Actual
future performance, outcomes and results may differ materially from
those expressed in forward-looking statements. Please refer to the
documents filed by Campus Crest Communities, Inc. with the SEC,
specifically the most recent reports on Forms 10-K and 10-Q, which
identify important risk factors which could cause actual results to
differ from those contained in the forward-looking statements.
Campus Crest Communities, Inc.
Jessica Martino, 704-496-2571,
Source: Campus Crest Communities, Inc.