In addition, the company's board of directors has declared dividends on the company's class B and class C preferred stock of $0.586 and $0.198, respectively. The quarterly dividend on the class B stock is payable on March 31, 2002 to shareholders of record as of March 15, 2003, while the monthly dividends on the class C stock are payable on January 31 and February 28, 2003 to shareholders of record as of January 15 and February 15, 2003.
The class B dividend represents an annual rate of $2.344 per share, while the class C dividend represents an annual rate of $2.375 per share.
Realty's monthly income is supported by the approximately 1,200 retail properties that the company owns. All of these assets are long-term leased to regional and national retail chains.
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