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ELS Board Increases Annual Dividend by 16%

November 9, 2011 by   - () Leave a Comment

Equity LifeStyle Properties Inc. discussed its annual common dividend policy at Tuesday’s board meeting and approved setting the annual dividend rate for 2012 at $1.75 per common share, an increase of 25 cents over the current $1.50 per common share for 2011.

In other actions:

  • The board also declared the company’s fourth quarter 2011 common dividend of 37.5 cents per share, representing, on an annualized basis, a dividend of $1.50 per share. The quarterly common dividend will be paid on Jan. 13 to stockholders of record on Dec. 30.
  • The board also declared a dividend of $0.502125 per share on the company’s 8.034% Series A Cumulative Redeemable Perpetual Preferred Stock , representing, on an annualized basis, a dividend of $2.0085 per preferred share. The Series A Preferred dividend will be paid on Dec. 30 to stockholders of record on Dec. 9.
  • The board also declared a dividend of $0.375 per share on the company’s Series B Subordinated Non-Voting Cumulative Redeemable Preferred Stock, representing, on an annualized basis, a dividend of $1.50 per preferred share. The Series B Preferred dividend will be paid on Jan. 13 to stockholders of record on Dec. 30.

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