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Sun Communities REIT Declares 61-Cent Per Share Dividend.

SOUTHFIELD, MI-Sun Communities declares dividend and will announce its third quarter results at the end of the month.

By Dan Heaton | Updated on October 03, 2003

SOUTHFIELD, MI-Sun Communities, Inc., a REIT that owns and operates manufactured housing communities, has declared a quarterly dividend of $0.61 per share for the third quarter of 2003.

The dividend is payable Oct. 23 to shareholders of record Oct. 13. Based on Tuesday’s closing price of $39.40, the yield on the indicated annualized rate of $2.44 per share is 6.2%. Southfield-based Sun Communities has 18.9 million shares outstanding.

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