Equity Residential (EQR) Declares $8.00 Special Dividend; 10.8% Yield

Equity Residential (NYSE: EQR) declared a special dividend of $8.00 per share.

The dividend will be payable on March 10, 2016, to stockholders of record on March 3, 2016.

The annual yield on the dividend is 10.8 percent.

“We had a tremendously successful execution on the sale of more than $6 billion of non-core assets, which produced an unlevered internal rate of return of 11.3%, and are pleased to deliver much of the proceeds from these sales to our shareholders on a leverage neutral basis,” said David J. Neithercut, Equity Residential’s President and CEO. “We can now focus solely on our strategy of owning, building and operating assets in coastal gateway cities in higher density urban locations with close proximity to public transportation, job centers and other amenities that these cities have to offer.”

For a dividend history and other dividend-related data on Equity Residential (EQR) click here.

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