Equity Residential (EQR) Declares $8.00 Special Dividend; 10.8% Yield
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Equity Residential Declares Special Cash Dividend of $8 Per Share
February 22, 2016 6:26 PM ESTCHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR) announced today that its Board of Trustees has declared a special cash dividend of $8 per common share which will be paid on March 10, 2016 to shareholders of record on March 3, 2016.
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 Residentials President and CEO. We can now... More
