CreXus Investment (CXS) Declares $0.25 Quarterly Dividend; 9.7% Yield; Expands Investment Teram
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CreXus Investment Corp (NYSE: CXS) declared a quarterly dividend of $0.25 per share, or $1 annualized.
The dividend will be payable on July 28, 2011, to stockholders of record on June 29, 2011, with an ex-dividend date of June 27, 2011.
The annual yield on the dividend is 9.7 percent.
In a separate release, CreXus’ investment manager, FIDAC, today announced an expansion of its investment team. A team led by Gordon DuGan has joined the firm to lead the effort to originate and manage global equity real estate investment opportunities. Mr. DuGan is the Global Head of Equity Commercial Real Estate Investments.
The dividend will be payable on July 28, 2011, to stockholders of record on June 29, 2011, with an ex-dividend date of June 27, 2011.
The annual yield on the dividend is 9.7 percent.
In a separate release, CreXus’ investment manager, FIDAC, today announced an expansion of its investment team. A team led by Gordon DuGan has joined the firm to lead the effort to originate and manage global equity real estate investment opportunities. Mr. DuGan is the Global Head of Equity Commercial Real Estate Investments.
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