Getty Realty (GTY) Approves Increase in Quarterly Dividend
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Getty Realty Corp. (NYSE: GTY) approved the declaration of a quarterly Common Stock dividend in the amount of $0.47 per share payable on October 9, 2008 to holders of record on September 25, 2008. This is an increase of $0.005 per share over the prior quarterly Common Stock dividend. Mr. Liebowitz stated, "This is the fourth consecutive year in which our Company has increased its dividend to shareholders. We take pride in this steady record of accomplishment."
Getty Realty Corp. is a publicly-traded real estate investment trust in the United States specializing in ownership and leasing of convenience store/gas station properties and petroleum distribution terminals. [SM]
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dividends
jay cooper on Oct 31, 2008 03:30 PMdoes the Board of Directors of a publicly traded company have to approve and authorize the dividend?