CCG Declares 2Q14 $0.165/Share Common Dividend & $0.50/Share Preferred Series A Dividend
April 22 2014 - 8:00AM
Business Wire
Campus Crest Communities, Inc. (NYSE: CCG) announced that its
Board of Directors declared its second quarter of 2014 common stock
dividend of $0.165 per share. Based on a closing price of $8.61 on
April 21, 2014, the annualized dividend yield is 7.7%. The dividend
is payable on July 9, 2014 to stockholders of record as of June 25,
2014.
The Board of Directors also declared a cash dividend of $0.50
per Series A Cumulative Redeemable Preferred Share for the second
quarter of 2014. The preferred share dividend is payable on July
15, 2014 to stockholders of record as of June 25, 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 Grove® 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
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.Thomas Nielsen, Investor
Relations, 704-496-2571
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