Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Douglas Emmett Hikes Dividend By 15%

RELATED NEWS
Trade DEI now with 

Douglas Emmett Inc. (DEI: Quote) 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.

Register
To receive FREE breaking news email alerts for Douglas Emmett Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Sen. Lindsey Graham, R-S.C., is seen as a long shot for the Republican presidential nomination in 2016, and his chances may have gotten worse after he was recorded joking about the prospects for "white men" if he were elected president. Republican Rep. Cory Gardner, R-Col., has expanded his lead over incumbent Sen. Mark Udall, D-Col., in the closely watched Colorado Senate race, according to the results of a Quinnipiac University poll released on Thursday. Stocks have fluctuated over the course of the trading day on Thursday, as traders continue to digest yesterday's monetary policy announcement from the Federal Reserve as well as better than expected third quarter GDP data.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.