Camden Property Trust Announces Dividend Increase and Sets Date for Annual Shareholder Meeting
March 15 2007 - 4:44PM
Business Wire
The Board of Trust Managers of Camden Property Trust (NYSE:CPT)
declared a first quarter dividend of $0.69 per share to holders of
record as of March 30, 2007 of its Common Shares of Beneficial
Interest. The dividend to be paid on April 17, 2007 equates to an
annual dividend rate of $2.76 per share, and represents a 4.5%
increase over the Company�s previous dividend rate. Based on
Camden�s closing price of $71.38 on March 14, 2007, the annual
dividend represents a 3.9% yield. In addition, Camden announced
that its Annual Meeting of Shareholders will be held on May 1, 2007
at the Renaissance Hotel, 6 East Greenway Plaza, Houston, Texas, at
1:30 p.m., Central Standard Time. The Company intends to begin
mailing its Proxy Statement, Annual Report to Shareholders, voting
materials and other meeting information on or about April 2, 2007
to shareholders of record as of March 21, 2007. In addition to
historical information, this press release contains forward-looking
statements under the federal securities law. These statements are
based on current expectations, estimates and projections about the
industry and markets in which Camden operates, management's
beliefs, and assumptions made by management. Forward-looking
statements are not guarantees of future performance and involve
certain risks and uncertainties which are difficult to predict.
Camden Property Trust is a real estate company engaged in the
ownership, development, acquisition, management and disposition of
multifamily apartment communities. Camden owns interests in and
operates 186 properties containing 63,843 apartment homes
geographically dispersed across the United States from Washington
DC to Southern California. Upon completion of 13 properties under
development, the Company's portfolio will increase to 68,064
apartment homes in 199 properties. For additional information,
please contact Camden�s Investor Relations Department at
800-922-6336 or 713-354-2787, or access our website at
www.camdenliving.com.
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