Post Properties Announces Dividend For Q114
News: On February 19, US-based real estate investment trust Post Properties announced a quarterly cash dividend of US$0.36 per share on its common stock for Q114. The dividend will be distributed on April 15 to common stockholders of record to March 31. The firm also announced a regular quarterly dividend of US$1.0625 per share for its 8.5% Series A Cumulative Redeemable Preferred Stock for Q114. The dividends will be distributed on March 31 to all Series A preferred shareholders of record to March 17. 'With today's announcement, we expect our annualised rate of common stock dividends to rise by 9% to US$1.44 per share,' said CEO Dave Stockert as reported by Businesswire.
BMI View: Commercial real estate expansion is dependent on a healthy macroeconomic environment. During Q413 we revised down our estimate for 2013 US real GDP growth from 2.1% to 1.8%, but we believe the US economy is gaining steam and is set for more rapid expansion, and have upgraded our 2014 real GDP growth forecast from 2.7% to 2.8%, with growth set to average 2.4% a year from 2013 to 2018.