Essex Announces Its 25th Consecutive Annual Dividend Increase
February 21 2019 - 5:36PM
Business Wire
Establishes Record Date for the Annual
Shareholders’ Meeting
Essex Property Trust, Inc. (NYSE:ESS) announced today that its
Board of Directors has approved a 4.8% increase to its prior
quarterly cash dividend. This represents the 25th consecutive
annual dividend increase, which means Essex has qualified to become
a “Dividend Aristocrat.” The Board of Directors has declared a
first quarter dividend of $1.95 per share, payable on April 12,
2019 to shareholders of record as of March 29, 2019. On an
annualized basis, the dividend represents a distribution of $7.80
per common share.
The Annual Meeting of Shareholders will be held on Tuesday, May
14, 2019 at 1:00 p.m. PT at the Garden Court Hotel, located at 520
Cowper Street, Palo Alto, CA 94301. Shareholders of record as of
February 28, 2019 will be entitled to vote at the meeting.
About Essex Property Trust,
Inc.
Essex Property Trust, Inc. (“Essex”), an S&P 500 company, is
a fully integrated real estate investment trust (“REIT”) that
acquires, develops, redevelops, and manages multifamily residential
properties in selected West Coast markets. Essex currently has
ownership interests in 245 apartment communities with an additional
6 properties in various stages of active development. Additional
information about Essex can be found on the Company’s website at
www.essex.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190221006030/en/
Barb PakGroup Vice President of Finance & Investor
Relations(650) 655-7800bpak@essex.com
Essex Property (NYSE:ESS)
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