Equity Residential Declares First Quarter Dividends
March 14 2024 - 4:15PM
Business Wire
Increases Annualized Dividend by 2%
Sets Record and Meeting Dates for 2024
Annual Meeting of Shareholders
Equity Residential (NYSE: EQR) today announced that its Board of
Trustees declared quarterly dividends on the Company’s common and
preferred shares. A regular common share dividend for the first
quarter of $0.675 per share will be paid on April 12, 2024 to
shareholders of record on March 25, 2024. The annualized dividend
of $2.70 per share is a 2% increase over the Company’s 2023 common
share dividend.
“We are focused on creating long-term value for our shareholders
and are pleased to increase our annual dividend as an important
component of that value creation,” said Mark J. Parrell, Equity
Residential’s President and CEO. “This increase reflects the
continued strong outlook for our business in the current year and
beyond.”
A quarterly dividend of $1.03625 per share will be paid on April
1, 2024 to shareholders of record on March 20, 2024 of the
Company’s Series K Preferred Shares.
2024 Annual Meeting of Shareholders
In addition, the Company declared that its Annual Meeting of
Shareholders will be held on Thursday, June 20, 2024 at 8:00 a.m.
CT. Shareholders of record at the close of business on March 28,
2024 will be entitled to vote at the meeting.
About Equity Residential
Equity Residential is committed to creating communities where
people thrive. The Company, a member of the S&P 500, is focused
on the acquisition, development and management of residential
properties located in and around dynamic cities that attract
affluent long-term renters. Equity Residential owns or has
investments in 302 properties consisting of 80,191 apartment units,
with an established presence in Boston, New York, Washington, D.C.,
Seattle, San Francisco and Southern California, and an expanding
presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. For more
information on Equity Residential, please visit our website at
www.equityapartments.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240314889637/en/
Marty McKenna (312) 928-1901, mmckenna@eqr.com
Equity Residential (NYSE:EQR)
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