At a $1.94 per share annualized basis, the dividend represents a 7.7% annualized yield, based on yesterday's closing price of nearly $25.3 per share. The dividend is payable Oct. 13 to shareholders of record as of Sept. 30. Prentiss Properties owns interests in 180 office and industrial properties with a combined net rentable sf of 18.3 million and five development properties containing 734,000 sf.
Meanwhile, Gainsco Inc. is posting a $.0175 per share quarterly dividend, payable Oct. 13 to shareholders of record as of Sept. 29. Ft. Worth-based Gainsco is a nonstandard property and casualty insurance holding company, including commercial property. The company's agents are situated in the southeast and upper midwest sections.
Also posting a stockholders dividend is American Industrial Properties. The Irving, TX- based REIT has declared a 22-cent dividend payable Oct. 13 to its shareholders of record as of Oct. 3. AIP's portfolio contains 150 buildings with sf in excess of 7.8 million in 11 states.
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