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News Breaks | | | | January 29, 2013 | | 08:02 EDT |  | CCG | Campus Crest increases dividend 3.1% to 66c
Campus Crest Communities announced that its Board of Directors approved an increase in the Company's annual common stock dividend from the current annual rate of 64c per share to 66c per share, representing an annualized dividend yield of 5.4% based on the Company's closing price of $12.27 on January 28, 2013. This increased dividend, which represents a 3.1% annual increase, commences with the payment of the first quarter of 2013 common stock dividend, payable on April 10 to all stockholders of record on March 27 and will amount to 16.5c per share on a quarterly basis. The Board of Directors also declared a cash dividend of 50c per Series A Cumulative Redeemable Preferred Share for the Q1. | |
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