CIM Commercial Trust (CMCT) Declares $0.73 Special Dividend, 3.7% Yield; Announces 14.1M Share Private Repurchase at $22/Sh

CIM Commercial Trust (NASDAQ: CMCT) declared a special dividend of $0.73 per share.

The dividend will be payable on January 11, 2018, to stockholders of record on December 29, 2017, with an ex-dividend date of December 28, 2017.

The annual yield on the dividend is 3.7 percent.

Share Repurchase

CIM Commercial Trust Corporation today announced that it has repurchased, in a privately negotiated transaction, 14,090,909 shares of its common stock from a fund managed by an affiliate of CIM Group, the manager of CMCT. The aggregate purchase price was $310,000,000 or $22.00 per share.

For a dividend history and other dividend-related data on CIM Commercial Trust (CMCT) click here.

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