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Post Properties Declares Dividend; Expands Stock Repurchase Program

ATLANTA-The locally based REIT declared a third-quarter, 78 cents-per-share dividend on its common stock, along with regular quarterly dividends related to its cumulative redeemable preferred stock.

By Matthew Willett | Updated on August 31, 2001

ATLANTA-Post Properties Inc. has declared dividends for its common stock and three series of its cumulative redeemable preferred stock. The common stock dividend for the third quarter, 78 cents per share, is payable Oct. 15.

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.

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