Education Realty increases dividend by 9% to 12c EdR announced that its board has approved a quarterly cash dividend of 12c per share of common stock. This represents a 9% increase in EdRís dividend and, based on the companyís recent stock price, represents an annual yield of approximately 4.5%. The dividend will be payable August 15 to shareholders of record as of July 31.
Education Realty selected by Cornell for on-campus development EdR announced that the finance and buildings and properties committees of the Cornell University Board of Trustees recently approved EdR to develop, finance and construct on-campus housing tailored for graduate and professional students. EdR will also manage the more than $80M community upon its targeted summer 2018 completion. Cornell and EdR have executed a pre-closing agreement, and design and site planning are under way toward an expected fall 2016 groundbreaking and commencement of construction.