Post reported an annual dividend rate of $3.12 per share.
In seperate moves, the company also increased shareholders' ability to repurchase shares, adopting a stock repurchase program that includes an additional $50 million in stock. The company also started a dividend reinvestment stock purchase plan. The plan extends the program to cover up to $200 million in stock.
Since initiation, Post has purchased more than 2.38 million shares totaling $88.6 million at an average price per share of $36.27.
Post declared a $1.06 dividend on its 8 ½% series A cumulative redeemable preferred shares, a 48-cents dividend per share for its 7 5/8% series B cumulative redeemable preferred shares and its 7 5/8 percent series C cumulative redeemable preferred shares and a 50 cents per share dividend on its series D preferred units.
Post shares closed Friday on the New York Stock Exchange at $38.35, down 26 cents.
Nationally, Post owns 33,138 apartment homes in 96 communities. Of those, about 4,000 are currently under development.
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