PREIT (PEI) Declares $0.21 Quarterly Dividend; 3.5% Yield

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PREIT Declares Quarterly Dividend for Common and Preferred Shares

May 9, 2016 4:30 PM EDT

PHILADELPHIA, May 9, 2016 /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share.  The dividend is payable on June 15, 2016 to common shareholders of record on June 1, 2016. The June 15th dividend payment will be the Company's 157th consecutive distribution since its initial dividend paid in August of 1962.

The Company also announced today that... More