The amount is an increase from last third quarter's dividend of $0.245 per share of common stock.
Directors also declared a regular quarterly dividend of $0.51875 per share on its Series A Cumulative Preferred Shares. The preferred dividend will be payable on October 1, 2001 to shareholders of record on September 21, 2001.
The company, a real estate investment trust, owns, develops, acquires and operates urban and suburban shopping centers from coast to coast.
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