Boston Properties Increases Regular Quarterly Dividend by 6.7%
December 18 2017 - 9:48AM
Business Wire
Boston Properties, Inc. (NYSE: BXP), the largest public owner
and developer of office buildings in the United States, announced
today that its Board of Directors declared a regular quarterly cash
dividend of $0.80 per share of common stock for the period October
1, 2017 to December 31, 2017 payable on January 30, 2018 to
shareholders of record as of the close of business on December 29,
2017. This represents an increase of 6.7%, or $0.05 per share, over
the most recent quarterly cash dividend of $0.75 per share.
The Board of Directors also declared a regular quarterly cash
dividend for the Company’s 5.25% Series B Cumulative Redeemable
Preferred Stock (the “Series B Preferred Stock”). The cash dividend
of $0.328125 per depositary share is payable on February 15, 2018
to shareholders of record as of the close of business on February
2, 2018 and covers the period from November 16, 2017 to February
15, 2018. Each depositary share represents 1/100th of a share of
Series B Preferred Stock.
Boston Properties is a fully integrated real estate investment
trust that develops, redevelops, acquires, manages, operates and
owns a diverse portfolio of primarily Class A office space totaling
49.8 million square feet and consisting of 166 office properties
(including seven properties under construction), five retail
properties, five residential properties (including three properties
under construction) and one hotel. The Company is one of the
largest owners and developers of Class A office properties in the
United States, concentrated in five markets - Boston, Los Angeles,
New York, San Francisco and Washington, DC.
For more information about Boston Properties, please visit the
Company’s web site at www.bostonproperties.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171218005677/en/
Boston Properties, Inc.Mike LaBelle, 617-236-3352Executive Vice
PresidentChief Financial OfficerorArista Joyner,
617-236-3343Investor Relations Manager
BXP (NYSE:BXP)
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