Camden Property Trust Announces First Quarter 2012 Dividend; Dividend Rate Increased 14.3%
March 08 2012 - 5:13PM
Business Wire
The Board of Trust Managers of Camden Property Trust (NYSE:CPT)
declared a first quarter cash dividend of $0.56 per share to
holders of record as of March 30, 2012 of its Common Shares of
Beneficial Interest. The dividend to be paid on April 17, 2012
equates to an annual dividend rate of $2.24 per share, and
represents a 14.3% increase over the Company’s previous dividend
rate. Based on Camden’s closing price of $62.51 on March 8, 2012,
the annual dividend represents a 3.6% yield.
Camden Property Trust, an S&P 400 Company, is a real estate
company engaged in the ownership, development, acquisition,
management and disposition of multifamily apartment communities.
Camden owns interests in and operates 195 properties containing
66,770 apartment homes across the United States. Upon completion of
ten properties under development, the Company’s portfolio will
increase to 69,567 apartment homes in 205 properties. Camden was
recently named by FORTUNE® Magazine for the fifth consecutive year
as one of the “100 Best Companies to Work For” in America, ranking
#7.
For additional information, please contact Camden’s Investor
Relations Department at (800) 922-6336 or (713) 354-2787 or access
our website at camdenliving.com.
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