Actionable news
0
All posts from Actionable news
Actionable news in ACC: AMERICAN CAMPUS COMMUNITIES Inc,

American Campus Communities Announces Increased Quarterly Dividend

AUSTIN, Texas, May 04, 2016 (BUSINESS WIRE) -- American Campus Communities, Inc. ACC, +0.18% the nation’s largest owner and manager of high-quality student housing properties, announced that on May 4, 2016 its Board of Directors declared a regular quarterly dividend of $0.42 per share of common stock, payable on May 27, 2016, to shareholders of record at the close of business on May 16, 2016. The declared dividend is a 5.0 percent increase over the prior quarterly dividend of $0.40 per share of common stock.

“We are pleased to provide a fourth consecutive annual dividend increase for shareholders,” said Bill Bayless, American Campus CEO. “While our recent equity offering and the strategic dispositions included in our guidance have temporarily resulted in an FFOM payout ratio above our targeted mid 60...


More