Investors Real Estate Trust (IRET) Lowers Quarterly Dividend 24.2% to $0.13; 7.3% Yield

Investors Real Estate Trust (NASDAQ: IRET) declared a quarterly dividend of $0.13 per share, or $0.52 annualized. This is a 24.2% decrease from the prior dividend of $0.1715.

The dividend will be payable on October 3, 2011, to stockholders of record on September 12, 2011, with an ex-dividend date of September 8, 2011.

The annual yield on the dividend is 7.3 percent.

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