logo
Share SHARE
FONT-SIZE Plus   Neg

Douglas Emmett Hikes Dividend By 15%

Douglas Emmett Inc. (DEI) announced that its board has approved a 15% increase in its quarterly cash dividend to $0.15 per share, or $0.60 per common share on an annualized basis. The dividend will be paid on April 13, 2012 to shareholders of record as of March 30, 2012.

In addition, Douglas Emmett announced that its Annual Meeting of Shareholders will be held on May 24, 2012 at the Sheraton Delfina Hotel, located at 530 West Pico Blvd., Santa Monica, California 90405. Shareholders of record as of March 30, 2012 will be entitled to vote in person or by proxy at the meeting.

In a separate press release, Douglas Emmett said that it has completed the previously announced acquisition of an additional 16.3% interest in one of its unconsolidated institutional funds for a purchase price of $33.4 million.

Following this transaction, Douglas Emmett owns an aggregate 65.1% of the fund, which owns six Class A office properties, totaling over 1.4 million square feet of office space, in Douglas Emmett's core submarkets.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT