Ramco-Gershenson (RPT) Cuts Dividend
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- Ramco-Gershenson Properties Trust Announces Fourth Quarter Common Share Dividend; Reduces Annualized Dividend Rate
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Ramco-Gershenson Properties Trust (NYSE: RPT) announced today that its Board of Trustees has declared a fourth quarter common share dividend of $0.2313 for the period of October 1, 2008 through December 31, 2008. This rate represents a 50% reduction from the third quarter dividend and results in an annual rate for 2008 of $1.62.
The common share dividend is payable on January 5, 2009 to shareholders of record on December 20, 2008.
In addition, the Board of Trustees indicated that the 2009 dividend is expected to be at an annualized rate of $0.9252 per share.
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