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United Dominion Declares Dividend

RICHMOND, VA-The multifamily REIT will pay dividends on both its common and preferred stock to all shareholders of record as of July 13, according to a vote by its board of directors.

By Wendy Watkins | Updated on June 26, 2001

RICHMOND, VA-United Dominion Realty Trust Inc.’s board of directors declared their second-quarter, regularly quarterly dividend in the amount of 27 cents a share, payable on July 31, 2001, to all common shareholders of record as of July 13. They also declared a regular quarterly dividend on United Dominion’s Series D convertible preferred stock for the second quarter, in the amount of 48 cents a share, payable on July 31 to all shareholders of record as of July 13.

United Dominion is one of the largest multifamily REITs in the country, with a portfolio including some 76,000 apartment homes. The REIT also has more than 2,018 homes presently under construction.

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